Scotts Creek is a quiet locality in New South Wales within the Upper Hunter Shire local government area (postcode 2338). With a population of 25, the suburb has a mature demographic with a median age of 47. Households earn a median income of $38K per year, with an average household size of 2.4 people. The top ancestries reported are Australian, English, Irish.
The median house price in Scotts Creek is $2.5 million, having surged 101% over the past year. The current median weekly rent is $300. This gives a gross rental yield of approximately 0.6%. The median monthly mortgage repayment is $2,513.
The crime rate in the Upper Hunter Shire LGA is below average at 3,250 incidents per 100,000 population.
From an investment perspective, Scotts Creek offers a gross rental yield of 0.6%, rated as low yield. Property prices are above the state median ($2.5M/$1.5M), placing it in the premium segment. The price-to-income ratio of 66.6x is considered stretched. House prices have moved +101.0% year-on-year.
Scotts Creek is a quiet locality in New South Wales within the Upper Hunter Shire local government area (postcode 2338). With a population of 25, the suburb has a mature demographic with a median age of 47. Households earn a median income of $38K per year, with an average household size of 2.4 people. The top ancestries reported are Australian, English, Irish.
The median house price in Scotts Creek is $2.5 million, having surged 101% over the past year. The current median weekly rent is $300. This gives a gross rental yield of approximately 0.6%. The median monthly mortgage repayment is $2,513.
The crime rate in the Upper Hunter Shire LGA is below average at 3,250 incidents per 100,000 population.
From an investment perspective, Scotts Creek offers a gross rental yield of 0.6%, rated as low yield. Property prices are above the state median ($2.5M/$1.5M), placing it in the premium segment. The price-to-income ratio of 66.6x is considered stretched. House prices have moved +101.0% year-on-year.