Located in New South Wales within the Central Coast (NSW) local government area, Yarramalong is a sparsely populated locality (postcode 2259). The area has roughly 329 residents and an established family demographic, with a median age of 44. Households earn a median income of $134K per year, with an average household size of 2.8 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 professionals, managers, technicians & trades. Employment in the area leans toward healthcare and education. The top ancestries reported are Australian, English, Irish.
Median house prices in Yarramalong stand at $1.5 million, having surged by 47% over the last twelve months. The current median weekly rent is $650. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $2,400.
Yarramalong is served by 1 school, including 1 primary. The average ICSEA score is 809, which is well below the national average of 1,000. Public transport access includes 3 bus stops. The crime rate in the Central Coast (NSW) LGA is below average at 3,557 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 ($1.5M/$1.5M). The price-to-income ratio of 11.0x is considered stretched. House prices have moved +47.0% 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.