Empire Bay is a smaller suburb in New South Wales within the Central Coast (NSW) local government area (postcode 2257). With a population of 2,522, the suburb has an established demographic with a median age of 42. Households earn a median income of $98K per year, with an average household size of 2.7 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are Australian, English, Scottish.
The median house price in Empire Bay is $1.3 million, having grown strongly 9.1% over the past year. Units have a median price of $828,000 (-0.3% YoY). The current median weekly rent is $622. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $2,165.
Empire Bay is served by 1 school, including 1 primary. The average ICSEA score is 1039, which is around the national average of 1,000. Public transport access includes 1 ferry wharf, 28 bus stops. The crime rate in the Central Coast (NSW) LGA is below average at 3,528 incidents per 100,000 population.
From an investment perspective, Empire Bay offers a gross rental yield of 2.5%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 13.4x is considered stretched. House prices have moved +9.1% year-on-year.
Empire Bay is a smaller suburb in New South Wales within the Central Coast (NSW) local government area (postcode 2257). With a population of 2,522, the suburb has an established demographic with a median age of 42. Households earn a median income of $98K per year, with an average household size of 2.7 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are Australian, English, Scottish.
The median house price in Empire Bay is $1.3 million, having grown strongly 9.1% over the past year. Units have a median price of $828,000 (-0.3% YoY). The current median weekly rent is $622. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $2,165.
Empire Bay is served by 1 school, including 1 primary. The average ICSEA score is 1039, which is around the national average of 1,000. Public transport access includes 1 ferry wharf, 28 bus stops. The crime rate in the Central Coast (NSW) LGA is below average at 3,528 incidents per 100,000 population.
From an investment perspective, Empire Bay offers a gross rental yield of 2.5%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 13.4x is considered stretched. House prices have moved +9.1% year-on-year.