Caves Beach is a smaller suburb in New South Wales within the Lake Macquarie local government area (postcode 2281). With a population of 4,016, the suburb has a mature demographic with a median age of 49. Households earn a median income of $85K per year, with an average household size of 2.6 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Caves Beach is $1.7 million, having surged 19.6% over the past year. Units have a median price of $885,000 (-55.8% YoY). The current median weekly rent is $675. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $2,090.
Caves Beach is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 996, which is around the national average of 1,000. Public transport access includes 28 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, Caves Beach offers a gross rental yield of 2.1%, rated as low yield. Property prices are near the state median ($1.7M/$1.5M). The price-to-income ratio of 19.8x is considered stretched. House prices have moved +19.6% year-on-year.
Caves Beach is a smaller suburb in New South Wales within the Lake Macquarie local government area (postcode 2281). With a population of 4,016, the suburb has a mature demographic with a median age of 49. Households earn a median income of $85K per year, with an average household size of 2.6 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Caves Beach is $1.7 million, having surged 19.6% over the past year. Units have a median price of $885,000 (-55.8% YoY). The current median weekly rent is $675. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $2,090.
Caves Beach is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 996, which is around the national average of 1,000. Public transport access includes 28 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, Caves Beach offers a gross rental yield of 2.1%, rated as low yield. Property prices are near the state median ($1.7M/$1.5M). The price-to-income ratio of 19.8x is considered stretched. House prices have moved +19.6% year-on-year.