Crangan Bay is a quiet locality in New South Wales within the Central Coast (NSW) local government area (postcode 2259). The area has roughly 3 residents and a predominantly older resident base, with a median age of 65. Households earn a median income of $59K per year, with an average household size of 2 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.
Median house prices in Crangan Bay stand at $903,000, having surged by 61.3% over the last twelve months. The current median weekly rent is $650. This gives a gross rental yield of approximately 3.7%.
Public transport access includes 9 bus stops. The crime rate in the Central Coast (NSW) LGA is below average at 3,557 incidents per 100,000 population.
On the investment side, Crangan Bay shows a gross rental yield of approximately 3.7%, rated as moderate yield. Property prices sit below the state median ($903K/$1.5M), which can point to relative value. The price-to-income ratio of 15.4x is considered stretched. House prices have moved +61.3% 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.