Razorback is a small community in New South Wales within the Wollondilly local government area (postcode 2571). It is home to about 1,174 residents, with a settled mid-life population and a median age of 43. Households earn a median income of $142K per year, with an average household size of 3.3 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.9% 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, clerical & administrative, professionals. Employment in the area leans toward construction and education. The top ancestries reported are Australian, English, Irish.
Median house prices in Razorback stand at $2.3 million, having dipped slightly by 2.2% over the last twelve months. The current median weekly rent is $780. This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $3,000.
Public transport access includes 26 bus stops. The crime rate in the Wollondilly LGA is low at 1,609 incidents per 100,000 population.
On the investment side, Razorback shows a gross rental yield of approximately 1.8%, rated as low yield. Property prices are above the state median ($2.3M/$1.5M), placing it in the premium segment. The price-to-income ratio of 15.9x is considered stretched. House prices have moved -2.2% year-on-year. Population growth of +3.9% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.