Located in New South Wales within the Cessnock local government area, Weston is a smaller suburb (postcode 2326). The area has roughly 4,088 residents and a blend of families and working-age professionals, with a median age of 37. Households earn a median income of $70K per year, with an average household size of 2.6 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, labourers, community & personal service. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Australian, English, Aboriginal Australian.
Weston has a median house price of $757,000, which has jumped by 19.1% year-on-year. Units have a median price of $510,000 (+26.9% YoY). The current median weekly rent is $565. This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $1,517.
Weston is served by 1 school, including 1 primary. The average ICSEA score is 882, which is well below the national average of 1,000. Public transport access includes 2 rail stations, 28 bus stops. The crime rate in the Cessnock LGA is moderate at 4,890 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 3.9% (moderate yield). Property prices sit below the state median ($757K/$1.5M), which can point to relative value. The price-to-income ratio of 10.8x is considered stretched. House prices have moved +19.1% year-on-year. 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.