Brightwaters is a small community in New South Wales within the Lake Macquarie local government area (postcode 2264). With a population of 875, the suburb has a mature demographic with a median age of 50. Households earn a median income of $74K per year, with an average household size of 2.4 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Brightwaters is $550,000, having dropped significantly 47.2% over the past year. Units have a median price of $560,000. The current median weekly rent is $650. This gives a gross rental yield of approximately 6.1%. The median monthly mortgage repayment is $2,000.
Brightwaters is served by 1 school, including 1 combined. The average ICSEA score is 1001, which is around the national average of 1,000. Public transport access includes 13 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, Brightwaters offers a gross rental yield of 6.1%, rated as high yield. Property prices sit below the state median ($550K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 7.5x is considered moderate. House prices have moved -47.2% year-on-year.
Brightwaters is a small community in New South Wales within the Lake Macquarie local government area (postcode 2264). With a population of 875, the suburb has a mature demographic with a median age of 50. Households earn a median income of $74K per year, with an average household size of 2.4 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Brightwaters is $550,000, having dropped significantly 47.2% over the past year. Units have a median price of $560,000. The current median weekly rent is $650. This gives a gross rental yield of approximately 6.1%. The median monthly mortgage repayment is $2,000.
Brightwaters is served by 1 school, including 1 combined. The average ICSEA score is 1001, which is around the national average of 1,000. Public transport access includes 13 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, Brightwaters offers a gross rental yield of 6.1%, rated as high yield. Property prices sit below the state median ($550K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 7.5x is considered moderate. House prices have moved -47.2% year-on-year.