Suffolk Park is a smaller residential area in New South Wales within the Byron local government area (postcode 2481). With a population of 4,222, the suburb has an established family 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. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.8% 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, technicians & trades. Employment in the area leans toward accommodation & food and healthcare. The top ancestries reported are English, Australian, Irish.
Median house prices in Suffolk Park stand at $1.8 million, having declined steeply by 9.9% over the last twelve months. Units have a median price of $1.3 million (+6.6% YoY). The current median weekly rent is $1045. This gives a gross rental yield of approximately 3.1%. 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 4,232 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 3.1% (moderate yield). Property prices are near the state median ($1.8M/$1.5M). The price-to-income ratio of 16.9x is considered stretched. House prices have moved -9.9% year-on-year. Population growth of +1.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.