Located in New South Wales within the Northern Beaches local government area, Scotland Island is a close-knit residential community (postcode 2105). It is home to about 711 residents, with a mature demographic and a median age of 48. Households earn a median income of $125K 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 +0.5% 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, technicians & trades. Employment in the area leans toward professional services and healthcare. The top ancestries reported are English, Australian, Irish.
Scotland Island has a median house price of $1.5 million, which has risen solidly by 7.1% year-on-year. The current median weekly rent is $1900. This gives a gross rental yield of approximately 6.6%. The median monthly mortgage repayment is $2,600.
Public transport access includes 4 ferry wharfves. The crime rate in the Northern Beaches LGA is low at 1,515 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 6.6%, which reads as high yield. Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 12.0x is considered stretched. House prices have moved +7.1% year-on-year. Population growth of +0.5% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.