Weston is a smaller suburb in New South Wales within the Cessnock local government area (postcode 2326). With a population of 4,088, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $70K per year, with an average household size of 2.6 people. The most common occupations are technicians & trades, labourers, community & personal service. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Weston is $825,000, having surged 28.9% over the past year. Units have a median price of $419,000 (-22.4% YoY). The current median weekly rent is $490. This gives a gross rental yield of approximately 3.1%. 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 4,766 incidents per 100,000 population.
From an investment perspective, Weston offers a gross rental yield of 3.1%, rated as moderate yield. Property prices sit below the state median ($825K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 11.8x is considered stretched. House prices have moved +28.9% year-on-year.
Weston is a smaller suburb in New South Wales within the Cessnock local government area (postcode 2326). With a population of 4,088, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $70K per year, with an average household size of 2.6 people. The most common occupations are technicians & trades, labourers, community & personal service. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Weston is $825,000, having surged 28.9% over the past year. Units have a median price of $419,000 (-22.4% YoY). The current median weekly rent is $490. This gives a gross rental yield of approximately 3.1%. 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 4,766 incidents per 100,000 population.
From an investment perspective, Weston offers a gross rental yield of 3.1%, rated as moderate yield. Property prices sit below the state median ($825K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 11.8x is considered stretched. House prices have moved +28.9% year-on-year.