Bar Beach (postcode 2300) is a small locality in New South Wales within the Newcastle local government area. The area has roughly 1,292 residents and a settled mid-life population, with a median age of 41. Households earn a median income of $120K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.1% 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, community & personal service. Employment in the area leans toward healthcare and professional services. The top ancestries reported are English, Australian, Irish.
Bar Beach has a median house price of $2.8 million, which has dropped significantly by 22% year-on-year. Units have a median price of $800,000 (-22% YoY). The current median weekly rent is $695. This gives a gross rental yield of approximately 1.3%. 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 6,285 incidents per 100,000 population.
Looking at the investment signals, Bar Beach shows a gross rental yield of approximately 1.3%, rated as low yield. Property prices are above the state median ($2.8M/$1.5M), placing it in the premium segment. The price-to-income ratio of 23.5x is considered stretched. House prices have moved -22.0% year-on-year. Population growth of +1.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.