Shortland is a smaller suburb in New South Wales within the Newcastle local government area (postcode 2307). With a population of 4,537, the suburb has a mix of young professionals and families with a median age of 33. Households earn a median income of $70K per year, with an average household size of 2.3 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are Australian, English, Scottish.
The median house price in Shortland is $983,000, having surged 25.2% over the past year. Units have a median price of $710,000 (+6.8% YoY). The current median weekly rent is $565. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $1,679.
Shortland is served by 4 schools, including 2 primary, 1 combined, 1 special. The average ICSEA score is 947, which is below the national average of 1,000. Public transport access includes 37 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, Shortland offers a gross rental yield of 3.0%, rated as low yield. Property prices sit below the state median ($983K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 14.1x is considered stretched. House prices have moved +25.2% year-on-year.
Shortland is a smaller suburb in New South Wales within the Newcastle local government area (postcode 2307). With a population of 4,537, the suburb has a mix of young professionals and families with a median age of 33. Households earn a median income of $70K per year, with an average household size of 2.3 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are Australian, English, Scottish.
The median house price in Shortland is $983,000, having surged 25.2% over the past year. Units have a median price of $710,000 (+6.8% YoY). The current median weekly rent is $565. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $1,679.
Shortland is served by 4 schools, including 2 primary, 1 combined, 1 special. The average ICSEA score is 947, which is below the national average of 1,000. Public transport access includes 37 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, Shortland offers a gross rental yield of 3.0%, rated as low yield. Property prices sit below the state median ($983K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 14.1x is considered stretched. House prices have moved +25.2% year-on-year.