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. 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, managers, clerical & administrative. Employment in the area leans toward healthcare and construction. The top ancestries reported are Australian, English, Irish.
Median house prices in Carey Bay stand at $1.2 million, having surged by 23.7% over the last twelve months. Units have a median price of $955,000 (+29.9% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 2.6%. 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 3,436 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 2.6% (low yield). Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 18.0x is considered stretched. House prices have moved +23.7% 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.