Coal Point is a small community in New South Wales within the Lake Macquarie local government area (postcode 2283). With a population of 1,749, the suburb has a mature demographic with a median age of 52. Households earn a median income of $112K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Coal Point is $681,000, having dropped significantly 40.6% over the past year. Units have a median price of $1.2 million (+58.5% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 4.7%. The median monthly mortgage repayment is $2,167.
Coal Point is served by 1 school, including 1 primary. The average ICSEA score is 1065, which is above the national average of 1,000. Public transport access includes 19 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, Coal Point offers a gross rental yield of 4.7%, rated as moderate yield. Property prices sit below the state median ($681K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 6.1x is considered moderate. House prices have moved -40.6% year-on-year.
Coal Point is a small community in New South Wales within the Lake Macquarie local government area (postcode 2283). With a population of 1,749, the suburb has a mature demographic with a median age of 52. Households earn a median income of $112K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Coal Point is $681,000, having dropped significantly 40.6% over the past year. Units have a median price of $1.2 million (+58.5% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 4.7%. The median monthly mortgage repayment is $2,167.
Coal Point is served by 1 school, including 1 primary. The average ICSEA score is 1065, which is above the national average of 1,000. Public transport access includes 19 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, Coal Point offers a gross rental yield of 4.7%, rated as moderate yield. Property prices sit below the state median ($681K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 6.1x is considered moderate. House prices have moved -40.6% year-on-year.