Eraring is a quiet locality in New South Wales within the Lake Macquarie local government area (postcode 2264). With a population of 221, the suburb has an older demographic with a median age of 60. Households earn a median income of $103K per year, with an average household size of 2.5 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Eraring is $1.8 million, having dropped significantly 13.9% over the past year. The current median weekly rent is $650. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $2,167.
Public transport access includes 3 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, Eraring offers a gross rental yield of 1.9%, rated as low yield. Property prices are near the state median ($1.8M/$1.5M). The price-to-income ratio of 17.5x is considered stretched. House prices have moved -13.9% year-on-year.
Eraring is a quiet locality in New South Wales within the Lake Macquarie local government area (postcode 2264). With a population of 221, the suburb has an older demographic with a median age of 60. Households earn a median income of $103K per year, with an average household size of 2.5 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Eraring is $1.8 million, having dropped significantly 13.9% over the past year. The current median weekly rent is $650. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $2,167.
Public transport access includes 3 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, Eraring offers a gross rental yield of 1.9%, rated as low yield. Property prices are near the state median ($1.8M/$1.5M). The price-to-income ratio of 17.5x is considered stretched. House prices have moved -13.9% year-on-year.