Located in New South Wales within the Singleton local government area, Putty is a small, quiet locality (postcode 2330). It is home to about 126 residents, with an older-leaning population and a median age of 48. Households earn a median income of $57K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.6% 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 technicians & trades, machinery operators & drivers, clerical & administrative. Employment in the area leans toward construction and healthcare. The top ancestries reported are English, Australian, Irish.
Putty has a median house price of $968,000, which has climbed sharply by 20.9% year-on-year. The current median weekly rent is $600. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $1,700.
Public transport access includes 5 bus stops. The crime rate in the Singleton LGA is below average at 3,442 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 3.2% (moderate yield). Property prices sit below the state median ($968K/$1.5M), which can point to relative value. The price-to-income ratio of 17.0x is considered stretched. House prices have moved +20.9% year-on-year. Population growth of +0.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.