Scotts Head (postcode 2447) is a close-knit residential community in New South Wales within the Nambucca Valley local government area. The area has roughly 986 residents and a mature demographic, with a median age of 54. Households earn a median income of $63K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.9% 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, community & personal service. Employment in the area leans toward education and healthcare. The top ancestries reported are Australian, English, Irish.
Median house prices in Scotts Head stand at $971,000, having moved higher by 4.1% over the last twelve months. Units have a median price of $629,000 (+44.6% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $1,300.
Scotts Head is served by 1 school, including 1 primary. The average ICSEA score is 1014, which is around the national average of 1,000. Public transport access includes 4 bus stops. The crime rate in the Nambucca Valley LGA is moderate at 4,255 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 2.7%, which reads as low yield. Property prices sit below the state median ($971K/$1.5M), which can point to relative value. The price-to-income ratio of 15.4x is considered stretched. House prices have moved +4.1% year-on-year. Population growth of +0.9% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.