Carey Bay is a small community in New South Wales within the Lake Macquarie local government area (postcode 2283). With a population of 865, the suburb has a mature demographic with a median age of 54. Households earn a median income of $66K per year, with an average household size of 2.1 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Australian, English, Irish.
The median house price in Carey Bay is $964,000, having risen modestly 0.4% over the past year. Units have a median price of $1.0 million (-68.9% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,950.
Public transport access includes 7 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, Carey Bay offers a gross rental yield of 3.3%, rated as moderate yield. Property prices sit below the state median ($964K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 14.6x is considered stretched. House prices have moved +0.4% year-on-year.
Carey Bay is a small community in New South Wales within the Lake Macquarie local government area (postcode 2283). With a population of 865, the suburb has a mature demographic with a median age of 54. Households earn a median income of $66K per year, with an average household size of 2.1 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Australian, English, Irish.
The median house price in Carey Bay is $964,000, having risen modestly 0.4% over the past year. Units have a median price of $1.0 million (-68.9% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,950.
Public transport access includes 7 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, Carey Bay offers a gross rental yield of 3.3%, rated as moderate yield. Property prices sit below the state median ($964K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 14.6x is considered stretched. House prices have moved +0.4% year-on-year.