Sunset Strip is a small, quiet locality in New South Wales within the Central Darling local government area (postcode 2879). It is home to about 42 residents, with a predominantly older resident base and a median age of 63. Households earn a median income of $28K per year, with an average household size of 1.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.2% 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. Employment in the area leans toward accommodation & food and mining. The top ancestries reported are Australian, English, Scottish.
Sunset Strip has a median house price of $124,000, which has grown strongly by 8.8% year-on-year. The median weekly rent is $95 (Census 2021). This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $585.
Public transport access includes 1 bus stop. The crime rate in the Central Darling LGA is low at 0 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 4.0% (moderate yield). Property prices sit below the state median ($124K/$1.5M), which can point to relative value. The price-to-income ratio of 4.4x is considered affordable. House prices have moved +8.8% year-on-year. Population growth of -0.2% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.