Sassafras is a small, quiet locality in New South Wales within the Shoalhaven local government area (postcode 2622). The area has roughly 18 residents and a more retirement-aged population, with a median age of 61. Households earn a median income of $47K per year, with an average household size of 1.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% 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 agriculture and healthcare. The top ancestries reported are English, Australian.
Sassafras has a median house price of $359,000, which has declined steeply by 47.2% year-on-year. The current median weekly rent is $470. This gives a gross rental yield of approximately 6.8%. The median monthly mortgage repayment is $3,337.
The crime rate in the Shoalhaven LGA is below average at 3,639 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 6.8%, which reads as high yield. Property prices sit below the state median ($359K/$1.5M), which can point to relative value. The price-to-income ratio of 7.7x is considered moderate. House prices have moved -47.2% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.