Located in New South Wales within the Central Coast (NSW) local government area, Bar Point is a small, quiet locality (postcode 2083). The area has roughly 122 residents and a mature demographic, with a median age of 52. Households earn a median income of $59K per year, with an average household size of 1.7 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, clerical & administrative. Employment in the area leans toward healthcare and public admin & safety. The top ancestries reported are English, Australian, Irish.
The median house price in Bar Point is $675,000, having climbed sharply by 42.1% over the past year. The current median weekly rent is $492. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $1,500.
The crime rate in the Central Coast (NSW) LGA is below average at 3,557 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 3.8% (moderate yield). Property prices sit below the state median ($675K/$1.5M), which can point to relative value. The price-to-income ratio of 11.5x is considered stretched. House prices have moved +42.1% 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.