Scone (postcode 2337) is a moderately sized suburb in New South Wales within the Upper Hunter Shire local government area. The area has roughly 5,824 residents and a settled mid-life population, with a median age of 39. Households earn a median income of $78K per year, with an average household size of 2.4 people. 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 labourers, technicians & trades, professionals. Employment in the area leans toward mining and manufacturing. The top ancestries reported are Australian, English, Irish.
Median house prices in Scone stand at $783,000, having climbed sharply by 29.3% over the last twelve months. Units have a median price of $370,000 (+15.6% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $1,603.
Scone is served by 4 schools, including 2 primary, 1 secondary, 1 combined. The average ICSEA score is 966, which is around the national average of 1,000. Public transport access includes 118 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Upper Hunter Shire LGA is below average at 3,369 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 3.7%, which reads as moderate yield. Property prices sit below the state median ($783K/$1.5M), which can point to relative value. The price-to-income ratio of 10.0x is considered moderate. House prices have moved +29.3% year-on-year.