Located in New South Wales within the Byron local government area, Possum Creek is a small, quiet locality (postcode 2479). It is home to about 277 residents, with an older-leaning population and a median age of 45. Households earn a median income of $86K per year, with an average household size of 2.5 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.8% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are managers, professionals, technicians & trades. Employment in the area leans toward professional services and healthcare. The top ancestries reported are English, Australian, Irish.
Median house prices in Possum Creek stand at $3.8 million, having climbed sharply by 97.9% over the last twelve months. The current median weekly rent is $1075. This gives a gross rental yield of approximately 1.5%. The median monthly mortgage repayment is $2,167.
Public transport access includes 11 bus stops. The crime rate in the Byron LGA is moderate at 4,232 incidents per 100,000 population.
Looking at the investment signals, Possum Creek shows a gross rental yield of approximately 1.5%, rated as low yield. Property prices are above the state median ($3.8M/$1.5M), placing it in the premium segment. The price-to-income ratio of 44.3x is considered stretched. House prices have moved +97.9% year-on-year. Population growth of +1.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.