Bonnells Bay is a smaller suburb in New South Wales within the Lake Macquarie local government area (postcode 2264). The area has roughly 4,066 residents and an established demographic, with a median age of 42. Households earn a median income of $76K 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 professionals, technicians & trades, clerical & administrative. Employment in the area leans toward healthcare and construction. The top ancestries reported are Australian, English, Scottish.
Median house prices in Bonnells Bay stand at $1.0 million, having jumped by 12.7% over the last twelve months. Units have a median price of $635,000 (-1.6% YoY). The current median weekly rent is $672. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $1,820.
Bonnells Bay is served by 1 school, including 1 primary. The average ICSEA score is 925, which is below the national average of 1,000. Public transport access includes 7 rail stations, 23 bus stops. The crime rate in the Lake Macquarie LGA is below average at 3,436 incidents per 100,000 population.
From an investment perspective, Bonnells Bay shows a gross rental yield of approximately 3.5%, rated as moderate yield. Property prices sit below the state median ($1.0M/$1.5M), which can point to relative value. The price-to-income ratio of 13.2x is considered stretched. House prices have moved +12.7% 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.