Located in New South Wales within the Central Coast (NSW) local government area, Somersby is a small locality (postcode 2250). With a population of 1,087, the suburb has a settled, mature resident base with a median age of 47. Households earn a median income of $115K per year, with an average household size of 3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% 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 managers, professionals, technicians & trades. Employment in the area leans toward construction and healthcare. The top ancestries reported are Australian, English, Irish.
Median house prices in Somersby stand at $3.4 million, having jumped by 15.2% over the last twelve months. Units have a median price of $930,000 (+21.1% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 1.0%. The median monthly mortgage repayment is $2,800.
Public transport access includes 21 ferry wharfves, 15 bus stops. The crime rate in the Central Coast (NSW) LGA is below average at 3,557 incidents per 100,000 population.
Looking at the investment signals, Somersby shows a gross rental yield of approximately 1.0%, rated as low yield. Property prices are above the state median ($3.4M/$1.5M), placing it in the premium segment. The price-to-income ratio of 29.9x is considered stretched. House prices have moved +15.2% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.