Located in New South Wales within the Central Coast (NSW) local government area, Blue Bay is a close-knit residential community (postcode 2261). With a population of 1,060, the suburb has a mature demographic with a median age of 52. Households earn a median income of $69K per year, with an average household size of 2.1 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, community & personal service, managers. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Irish.
Median house prices in Blue Bay stand at $2.2 million, having risen steeply by 31.1% over the last twelve months. Units have a median price of $1.3 million (+32.7% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 1.5%. The median monthly mortgage repayment is $2,167.
Public transport access includes 7 bus stops. The crime rate in the Central Coast (NSW) LGA is below average at 3,557 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 1.5%, which reads as low yield. Property prices are above the state median ($2.2M/$1.5M), placing it in the premium segment. The price-to-income ratio of 32.0x is considered stretched. House prices have moved +31.1% 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.