The Pocket is a quiet locality in New South Wales within the Byron local government area (postcode 2483). It is home to about 231 residents, with an established family demographic and a median age of 44. Households earn a median income of $94K per year, with an average household size of 2.9 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.8% 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 managers, professionals, technicians & trades. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Irish.
The Pocket has a median house price of $1.6 million, which has fallen sharply by 13.2% year-on-year. The current median weekly rent is $740. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $1,950.
The Pocket is served by 1 school, including 1 primary. The average ICSEA score is 1068, which is above the national average of 1,000. Public transport access includes 1 bus stop. The crime rate in the Byron LGA is moderate at 4,232 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 2.3%, which reads as low yield. Property prices are near the state median ($1.6M/$1.5M). The price-to-income ratio of 17.5x is considered stretched. House prices have moved -13.2% year-on-year. Population growth of +1.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.