Suffolk Park is a smaller suburb in New South Wales within the Byron local government area (postcode 2481). With a population of 4,222, the suburb has an established demographic with a median age of 39. Households earn a median income of $105K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Suffolk Park is $1.1 million, having dropped significantly 38.2% over the past year. Units have a median price of $1.1 million (-8.8% YoY). The current median weekly rent is $995. This gives a gross rental yield of approximately 4.7%. The median monthly mortgage repayment is $2,383.
Public transport access includes 14 bus stops. The crime rate in the Byron LGA is moderate at 4,153 incidents per 100,000 population.
From an investment perspective, Suffolk Park offers a gross rental yield of 4.7%, rated as moderate yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 10.5x is considered stretched. House prices have moved -38.2% year-on-year.
Suffolk Park is a smaller suburb in New South Wales within the Byron local government area (postcode 2481). With a population of 4,222, the suburb has an established demographic with a median age of 39. Households earn a median income of $105K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Suffolk Park is $1.1 million, having dropped significantly 38.2% over the past year. Units have a median price of $1.1 million (-8.8% YoY). The current median weekly rent is $995. This gives a gross rental yield of approximately 4.7%. The median monthly mortgage repayment is $2,383.
Public transport access includes 14 bus stops. The crime rate in the Byron LGA is moderate at 4,153 incidents per 100,000 population.
From an investment perspective, Suffolk Park offers a gross rental yield of 4.7%, rated as moderate yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 10.5x is considered stretched. House prices have moved -38.2% year-on-year.