Bar Beach is a small community in New South Wales within the Newcastle local government area (postcode 2300). With a population of 1,292, the suburb has an established demographic with a median age of 41. Households earn a median income of $120K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Bar Beach is $3.3 million, having dropped significantly 8.1% over the past year. Units have a median price of $1.0 million (-15.6% YoY). The current median weekly rent is $680. This gives a gross rental yield of approximately 1.1%. The median monthly mortgage repayment is $2,700.
Public transport access includes 9 bus stops. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, Bar Beach offers a gross rental yield of 1.1%, rated as low yield. Property prices are above the state median ($3.3M/$1.5M), placing it in the premium segment. The price-to-income ratio of 27.7x is considered stretched. House prices have moved -8.1% year-on-year.
Bar Beach is a small community in New South Wales within the Newcastle local government area (postcode 2300). With a population of 1,292, the suburb has an established demographic with a median age of 41. Households earn a median income of $120K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Bar Beach is $3.3 million, having dropped significantly 8.1% over the past year. Units have a median price of $1.0 million (-15.6% YoY). The current median weekly rent is $680. This gives a gross rental yield of approximately 1.1%. The median monthly mortgage repayment is $2,700.
Public transport access includes 9 bus stops. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, Bar Beach offers a gross rental yield of 1.1%, rated as low yield. Property prices are above the state median ($3.3M/$1.5M), placing it in the premium segment. The price-to-income ratio of 27.7x is considered stretched. House prices have moved -8.1% year-on-year.