Watagan is a sparsely populated locality in New South Wales within the Cessnock local government area (postcode 2325). The area has roughly 37 residents and an older demographic, with a median age of 57. Households earn a median income of $35K per year, with an average household size of 2.1 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.9% 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, professionals. Employment in the area leans toward admin services and healthcare. The top ancestries reported are English, Australian, Irish.
The current median weekly rent is $580. The median monthly mortgage repayment is $2,000.
The crime rate in the Cessnock LGA is moderate at 4,890 incidents per 100,000 population.
From an investment perspective, Population growth of +2.9% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.