Shortland is a smaller suburb in New South Wales within the Newcastle local government area (postcode 2307). It is home to about 4,537 residents, with a blend of families and working-age professionals and a median age of 33. Households earn a median income of $70K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.1% 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, community & personal service, technicians & trades. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Australian, English, Scottish.
Median house prices in Shortland stand at $750,000, having grown strongly by 7.1% over the last twelve months. Units have a median price of $665,000 (+6.4% YoY). The current median weekly rent is $590. This gives a gross rental yield of approximately 4.1%. 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 6,285 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 4.1% (moderate yield). Property prices sit below the state median ($750K/$1.5M), which can point to relative value. The price-to-income ratio of 10.7x is considered stretched. House prices have moved +7.1% year-on-year. Population growth of +1.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.