Reedy Creek (postcode 2330) is a sparsely populated locality in New South Wales within the Singleton local government area. The area has roughly 159 residents and an established demographic, with a median age of 44. Households earn a median income of $82K per year, with an average household size of 2.7 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, professionals, managers. Employment in the area leans toward mining and retail trade. The top ancestries reported are Australian, English, Scottish.
Median house prices in Reedy Creek stand at $750,000, having risen by 3.1% over the last twelve months. The current median weekly rent is $600. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $2,450.
The crime rate in the Singleton LGA is below average at 3,442 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 4.2%, which reads as moderate yield. Property prices sit below the state median ($750K/$1.5M), which can point to relative value. The price-to-income ratio of 9.1x is considered moderate. House prices have moved +3.1% 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.