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Pelican, NSW 2281
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,100,000
market range $1.1M-$1.2M
Median Unit
$685,000
list-price estimate
Gross Yield (houses)
3.7%
1yr Growth (houses)
+8.6%
market range +5.0% to +22.5%
Investment snapshot for Pelican
Pelican has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Pelican market and investor summary
In Pelican, NSW 2281, the median house sells for around $1.1M, on a gross rental yield of 3.7% for houses. House prices have moved +8.6% over the past year and +34.2% over three years. At 5.5% vacancy, it is a softer rental market with more choice for tenants.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.7% is neither a standout cashflow play nor a pure growth bet. Demand is softer at 5.5% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 142 days on market, so plan for a slower exit if you ever need one.
Living in Pelican: people, income and schools
About 874 people live in Pelican, a number that has held fairly steady over five years. At a median age of 48, it reads as skewed a little older, and 78% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $75,000 a year (about $1,450 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (4 out of 10). At current prices a median house runs to a steep 14.6 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 38% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
Families have 11 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. It is fairly car-dependent; the suburb scores 17 for walkability and 3 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 874
- +6% over 5yr
- Median age
- 48 years
- Median household income
- $75,000/yr
- Households renting
- 18%
- Family households
- 75%
- Socio-economic rank
- 4/10
- ABS advantage index
- Schools within 5km
- 11
- avg ICSEA 969
- Unemployment
- 4.2%
- Walk score
- 17/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Pelican
View all →Frequently asked questions about Pelican
What should I check before investing in Pelican?
Pelican has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.3% gives a usable rent-to-price starting point. Capital growth of +8.6% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Pelican?
The median property price in Pelican, NSW 2281 is $1.1M for houses.
What rental yield does Pelican show?
The gross rental yield in Pelican is 3.7% for houses and 4.3% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Pelican?
House prices in Pelican are up 8.6% over the past year and up 34.2% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Pelican?
The current vacancy rate in Pelican is 5.5%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Pelican?
Pelican has a population of approximately 874 residents, with a median age of 48.
What schools are near Pelican?
There are 11 schools within roughly 5km of Pelican. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Pelican affordable to buy in?
A median house in Pelican costs about 14.6 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Pelican's population growing?
The population of Pelican has grown modestly, about 6% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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