Charlotte Bay is a quiet locality in New South Wales within the Mid-Coast local government area (postcode 2428). With a population of 175, the suburb has a mature demographic with a median age of 47. Households earn a median income of $62K per year, with an average household size of 2.7 people. The most common occupations are technicians & trades, professionals, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Charlotte Bay is $800,000, having dropped significantly 42.9% over the past year. Units have a median price of $730,000. The current median weekly rent is $500. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,560.
Public transport access includes 14 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,753 incidents per 100,000 population.
From an investment perspective, Charlotte Bay offers a gross rental yield of 3.3%, rated as moderate yield. Property prices sit below the state median ($800K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 13.0x is considered stretched. House prices have moved -42.9% year-on-year.
Charlotte Bay is a quiet locality in New South Wales within the Mid-Coast local government area (postcode 2428). With a population of 175, the suburb has a mature demographic with a median age of 47. Households earn a median income of $62K per year, with an average household size of 2.7 people. The most common occupations are technicians & trades, professionals, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Charlotte Bay is $800,000, having dropped significantly 42.9% over the past year. Units have a median price of $730,000. The current median weekly rent is $500. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,560.
Public transport access includes 14 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,753 incidents per 100,000 population.
From an investment perspective, Charlotte Bay offers a gross rental yield of 3.3%, rated as moderate yield. Property prices sit below the state median ($800K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 13.0x is considered stretched. House prices have moved -42.9% year-on-year.