Located in New South Wales within the Mid-Coast local government area, Tuncurry is a moderately sized suburb (postcode 2428). With a population of 6,376, the suburb has an older demographic with a median age of 62. Households earn a median income of $44K per year, with an average household size of 1.9 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 community & personal service, technicians & trades, professionals. Employment in the area leans toward healthcare and accommodation & food. The top ancestries reported are English, Australian, Irish.
The median house price in Tuncurry is $870,000, having jumped by 10.3% over the past year. Units have a median price of $685,000 (+21.2% YoY). The current median weekly rent is $528. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $1,322.
Tuncurry is served by 3 schools, including 1 primary, 2 secondary. The average ICSEA score is 956, which is around the national average of 1,000. Public transport access includes 4 ferry wharfves, 77 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,779 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 3.2% (moderate yield). Property prices sit below the state median ($870K/$1.5M), which can point to relative value. The price-to-income ratio of 19.6x is considered stretched. House prices have moved +10.3% 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.