Rothbury is a small, quiet locality in New South Wales within the Cessnock local government area (postcode 2320). It is home to about 55 residents, with a more retirement-aged population and a median age of 55. Households earn a median income of $117K per year, with an average household size of 2.4 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.9% 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, labourers, professionals. Employment in the area leans toward construction and retail trade. The top ancestries reported are English, Scottish, Australian.
Median house prices in Rothbury stand at $1.6 million, having surged by 38.9% over the last twelve months. Units have a median price of $1.1 million (-13.7% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $2,584.
The crime rate in the Cessnock LGA is moderate at 4,890 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 2.0%, which reads as low yield. Property prices are near the state median ($1.6M/$1.5M). The price-to-income ratio of 14.0x is considered stretched. House prices have moved +38.9% year-on-year. Population growth of +2.9% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.