Tallwoods Village (postcode 2430) is a small locality in New South Wales within the Mid-Coast local government area. With a population of 993, the suburb has a more retirement-aged population with a median age of 60. Households earn a median income of $68K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% 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, clerical & administrative, technicians & trades. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Irish.
Median house prices in Tallwoods Village stand at $958,000, having climbed sharply by 13.3% over the last twelve months. Units have a median price of $595,000 (+6.3% YoY). The current median weekly rent is $530. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $1,997.
Public transport access includes 10 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,779 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 2.9% (low yield). Property prices sit below the state median ($958K/$1.5M), which can point to relative value. The price-to-income ratio of 14.0x is considered stretched. House prices have moved +13.3% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.