Located in New South Wales within the Kiama local government area, Saddleback Mountain is a quiet locality (postcode 2533). With a population of 67, the suburb has an older demographic with a median age of 59. Households earn a median income of $100K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.1% 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, professionals, clerical & administrative. Employment in the area leans toward agriculture and construction. The top ancestries reported are English, Australian, Irish.
Median house prices in Saddleback Mountain sit at $635,000, little changed on a year ago. The current median weekly rent is $750. This gives a gross rental yield of approximately 6.1%. The median monthly mortgage repayment is $4,333.
The crime rate in the Kiama LGA is low at 1,682 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 6.1% (high yield). Property prices sit below the state median ($635K/$1.5M), which can point to relative value. The price-to-income ratio of 6.4x is considered moderate. House prices have moved +0.0% year-on-year. Population growth of -0.1% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.