Located in New South Wales within the Blacktown local government area, Stanhope Gardens is a mid-sized suburb (postcode 2768). With a population of 9,349, the suburb has a blend of families and working-age professionals with a median age of 37. Households earn a median income of $149K per year, with an average household size of 3.2 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.2% 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, clerical & administrative. Employment in the area leans toward healthcare and professional services. The top ancestries reported are Australian, English, Indian.
Median house prices in Stanhope Gardens stand at $1.5 million, having dipped slightly by 2.9% over the last twelve months. Units have a median price of $950,000 (+1.1% YoY). The current median weekly rent is $845. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $2,700.
Stanhope Gardens is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 1104, which is well above the national average of 1,000. Public transport access includes 29 bus stops. The crime rate in the Blacktown LGA is below average at 3,307 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 2.9%, which reads as low yield. Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 10.2x is considered stretched. House prices have moved -2.9% year-on-year. Population growth of +2.2% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.