Sylvania is a settled mid-to-large suburb in New South Wales within the Sutherland Shire local government area (postcode 2224). The area has roughly 10,749 residents and a mature demographic, with a median age of 46. Households earn a median income of $102K per year, with an average household size of 2.6 people. 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, clerical & administrative. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Greek.
Median house prices in Sylvania stand at $2.2 million, having surged by 11.4% over the last twelve months. Units have a median price of $1.3 million (+7.9% YoY). The current median weekly rent is $950. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $2,730.
Sylvania is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 1044, which is around the national average of 1,000. Public transport access includes 39 bus stops. The crime rate in the Sutherland Shire LGA is low at 1,776 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 2.2% (low yield). Property prices are above the state median ($2.2M/$1.5M), placing it in the premium segment. The price-to-income ratio of 21.6x is considered stretched. House prices have moved +11.4% year-on-year.