Eraring (postcode 2264) is a sparsely populated locality in New South Wales within the Lake Macquarie local government area. It is home to about 221 residents, with a predominantly older resident base and a median age of 60. Households earn a median income of $103K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.1% 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. The most common occupations are managers, professionals, technicians & trades. Employment in the area leans toward construction and professional services. The top ancestries reported are English, Australian, Irish.
Eraring has a median house price of $1.8 million, which has dropped significantly by 13.9% year-on-year. The current median weekly rent is $672. 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 3,436 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 1.9% (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. Population growth of +1.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.