The Branch is a quiet locality in New South Wales within the Mid-Coast local government area (postcode 2425). With a population of 130, the suburb has an established family demographic with a median age of 44. Households earn a median income of $62K per year, with an average household size of 2.9 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 technicians & trades, managers, labourers. Employment in the area leans toward construction and agriculture. The top ancestries reported are Australian, English, Scottish.
The Branch has a median house price of $1.6 million, which has jumped by 40.9% year-on-year. The current median weekly rent is $542. This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $2,266.
The crime rate in the Mid-Coast LGA is below average at 3,779 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 1.8%, which reads as low yield. Property prices are near the state median ($1.6M/$1.5M). The price-to-income ratio of 25.1x is considered stretched. House prices have moved +40.9% 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.