Croudace Bay is a small community in New South Wales within the Lake Macquarie local government area (postcode 2280). With a population of 641, the suburb has an established demographic with a median age of 41. Households earn a median income of $105K per year, with an average household size of 2.8 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Croudace Bay is $965,000, having dropped significantly 12.3% over the past year. Units have a median price of $655,000 (-10.3% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $2,100.
Public transport access includes 10 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, Croudace Bay offers a gross rental yield of 3.5%, rated as moderate yield. Property prices sit below the state median ($965K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.2x is considered moderate. House prices have moved -12.3% year-on-year.
Croudace Bay is a small community in New South Wales within the Lake Macquarie local government area (postcode 2280). With a population of 641, the suburb has an established demographic with a median age of 41. Households earn a median income of $105K per year, with an average household size of 2.8 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Croudace Bay is $965,000, having dropped significantly 12.3% over the past year. Units have a median price of $655,000 (-10.3% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $2,100.
Public transport access includes 10 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, Croudace Bay offers a gross rental yield of 3.5%, rated as moderate yield. Property prices sit below the state median ($965K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.2x is considered moderate. House prices have moved -12.3% year-on-year.