Tallawong (postcode 2762) is a medium-sized suburb in New South Wales within the Blacktown local government area. It is home to about 6,570 residents, with a young professional demographic and a median age of 30. Households earn a median income of $143K per year, with an average household size of 3.2 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.2% 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. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and professional services. The top ancestries reported are Indian, Australian, English.
Median house prices in Tallawong stand at $1.3 million, having moved lower by 4% over the last twelve months. Units have a median price of $738,000 (+2.4% YoY). The current median weekly rent is $690. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $3,000.
Public transport access includes 1 rail station, 20 bus stops. The crime rate in the Blacktown LGA is below average at 3,307 incidents per 100,000 population.
On the investment side, Tallawong shows a gross rental yield of approximately 2.7%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 9.2x is considered moderate. House prices have moved -4.0% year-on-year. Population growth of +2.2% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.