Sweetmans Creek is a quiet locality in New South Wales within the Cessnock local government area (postcode 2325). With a population of 44, the suburb has an older demographic with a median age of 58. Households earn a median income of $59K per year, with an average household size of 2.3 people. The most common occupations are managers, technicians & trades. The top ancestries reported are English, Scottish, Irish.
The median house price in Sweetmans Creek is $600,000, having dropped significantly 65.7% over the past year. The current median weekly rent is $550. This gives a gross rental yield of approximately 4.8%. The median monthly mortgage repayment is $1,517.
Public transport access includes 8 bus stops. The crime rate in the Cessnock LGA is moderate at 4,766 incidents per 100,000 population.
From an investment perspective, Sweetmans Creek offers a gross rental yield of 4.8%, rated as moderate yield. Property prices sit below the state median ($600K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.3x is considered stretched. House prices have moved -65.7% year-on-year.
Sweetmans Creek is a quiet locality in New South Wales within the Cessnock local government area (postcode 2325). With a population of 44, the suburb has an older demographic with a median age of 58. Households earn a median income of $59K per year, with an average household size of 2.3 people. The most common occupations are managers, technicians & trades. The top ancestries reported are English, Scottish, Irish.
The median house price in Sweetmans Creek is $600,000, having dropped significantly 65.7% over the past year. The current median weekly rent is $550. This gives a gross rental yield of approximately 4.8%. The median monthly mortgage repayment is $1,517.
Public transport access includes 8 bus stops. The crime rate in the Cessnock LGA is moderate at 4,766 incidents per 100,000 population.
From an investment perspective, Sweetmans Creek offers a gross rental yield of 4.8%, rated as moderate yield. Property prices sit below the state median ($600K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.3x is considered stretched. House prices have moved -65.7% year-on-year.