Central Mangrove (postcode 2250) is a quiet locality in New South Wales within the Central Coast (NSW) local government area. With a population of 253, the suburb has an older-leaning population with a median age of 46. Households earn a median income of $124K per year, with an average household size of 3.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% 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 managers, professionals, technicians & trades. Employment in the area leans toward agriculture and accommodation & food. The top ancestries reported are Australian, English, Irish.
The median house price in Central Mangrove is $2.2 million, having surged by 102.2% over the past year. The current median weekly rent is $650. This gives a gross rental yield of approximately 1.5%. The median monthly mortgage repayment is $2,275.
Central Mangrove is served by 1 school, including 1 primary. The average ICSEA score is 886, which is well below the national average of 1,000. Public transport access includes 6 ferry wharfves, 1 bus stop. The crime rate in the Central Coast (NSW) LGA is below average at 3,557 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 1.5% (low yield). Property prices are above the state median ($2.2M/$1.5M), placing it in the premium segment. The price-to-income ratio of 17.7x is considered stretched. House prices have moved +102.2% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.