Blackalls Park is a smaller suburb in New South Wales within the Lake Macquarie local government area (postcode 2283). With a population of 2,812, the suburb has an established demographic with a median age of 43. Households earn a median income of $74K per year, with an average household size of 2.5 people. The most common occupations are technicians & trades, community & personal service, professionals. The top ancestries reported are English, Australian, Scottish.
The median house price in Blackalls Park is $665,000, having dropped significantly 17% over the past year. Units have a median price of $630,000 (+2.4% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 4.8%. 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 3,396 incidents per 100,000 population.
From an investment perspective, Blackalls Park offers a gross rental yield of 4.8%, rated as moderate yield. Property prices sit below the state median ($665K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.0x is considered moderate. House prices have moved -17.0% year-on-year.
Blackalls Park is a smaller suburb in New South Wales within the Lake Macquarie local government area (postcode 2283). With a population of 2,812, the suburb has an established demographic with a median age of 43. Households earn a median income of $74K per year, with an average household size of 2.5 people. The most common occupations are technicians & trades, community & personal service, professionals. The top ancestries reported are English, Australian, Scottish.
The median house price in Blackalls Park is $665,000, having dropped significantly 17% over the past year. Units have a median price of $630,000 (+2.4% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 4.8%. 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 3,396 incidents per 100,000 population.
From an investment perspective, Blackalls Park offers a gross rental yield of 4.8%, rated as moderate yield. Property prices sit below the state median ($665K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.0x is considered moderate. House prices have moved -17.0% year-on-year.