Buttaba is a small community in New South Wales within the Lake Macquarie local government area (postcode 2283). With a population of 1,204, the suburb has an established demographic with a median age of 43. Households earn a median income of $98K per year, with an average household size of 2.7 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Buttaba is $1.3 million, having surged 37.7% over the past year. Units have a median price of $300,000. The current median weekly rent is $620. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,167.
Public transport access includes 9 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, Buttaba offers a gross rental yield of 2.6%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 12.9x is considered stretched. House prices have moved +37.7% year-on-year.
Buttaba is a small community in New South Wales within the Lake Macquarie local government area (postcode 2283). With a population of 1,204, the suburb has an established demographic with a median age of 43. Households earn a median income of $98K per year, with an average household size of 2.7 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Buttaba is $1.3 million, having surged 37.7% over the past year. Units have a median price of $300,000. The current median weekly rent is $620. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,167.
Public transport access includes 9 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, Buttaba offers a gross rental yield of 2.6%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 12.9x is considered stretched. House prices have moved +37.7% year-on-year.