Stroud Road (postcode 2415) is a small, quiet locality in New South Wales within the Mid-Coast local government area. It is home to about 242 residents, with a mature demographic and a median age of 49. Households earn a median income of $77K per year, with an average household size of 2.5 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, labourers, technicians & trades. Employment in the area leans toward agriculture and construction. The top ancestries reported are Australian, English, Irish.
Stroud Road has a median house price of $850,000, which has climbed sharply by 42% year-on-year. The median weekly rent is $223 (Census 2021). This gives a gross rental yield of approximately 1.4%. The median monthly mortgage repayment is $1,500.
Stroud Road is served by 1 school, including 1 primary. The average ICSEA score is 948, which is below the national average of 1,000. Public transport access includes 9 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,779 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 1.4%, which reads as low yield. Property prices sit below the state median ($850K/$1.5M), which can point to relative value. The price-to-income ratio of 11.0x is considered stretched. House prices have moved +42.0% 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.