Located in New South Wales within the Lake Macquarie local government area, Blackalls Park is a compact suburb (postcode 2283). It is home to about 2,812 residents, with an established family demographic and a median age of 43. Households earn a median income of $74K per year, with an average household size of 2.5 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 technicians & trades, community & personal service, professionals. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Scottish.
Median house prices in Blackalls Park stand at $791,000, having grown strongly by 9.9% over the last twelve months. Units have a median price of $585,000 (-1.7% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $1,600.
Blackalls Park is served by 1 school, including 1 primary. The average ICSEA score is 966, which is around the national average of 1,000. Public transport access includes 4 rail stations, 6 bus stops. The crime rate in the Lake Macquarie LGA is below average at 3,436 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 3.9% (moderate yield). Property prices sit below the state median ($791K/$1.5M), which can point to relative value. The price-to-income ratio of 10.7x is considered stretched. House prices have moved +9.9% 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.