Rozelle is a moderately sized suburb in New South Wales within the Inner West local government area (postcode 2039). The area has roughly 8,553 residents and a settled mid-life population, with a median age of 40. Households earn a median income of $166K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% 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 professionals, managers, clerical & administrative. Employment in the area leans toward professional services and finance & insurance. The top ancestries reported are English, Australian, Irish.
The median house price in Rozelle is $3.3 million, having surged by 42.8% over the past year. Units have a median price of $1.3 million (-15.9% YoY). The current median weekly rent is $1000. This gives a gross rental yield of approximately 1.6%. The median monthly mortgage repayment is $3,500.
Rozelle is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 1137, which is well above the national average of 1,000. Public transport access includes 1 rail station, 25 bus stops. The crime rate in the Inner West LGA is below average at 2,883 incidents per 100,000 population.
Looking at the investment signals, Rozelle shows a gross rental yield of approximately 1.6%, rated as low yield. Property prices are above the state median ($3.3M/$1.5M), placing it in the premium segment. The price-to-income ratio of 19.9x is considered stretched. House prices have moved +42.8% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.