Fassifern is a small community in New South Wales within the Lake Macquarie local government area (postcode 2283). With a population of 586, the suburb has a mature demographic with a median age of 47. Households earn a median income of $70K per year, with an average household size of 2.3 people. The most common occupations are technicians & trades, community & personal service, professionals. The top ancestries reported are English, Australian, Scottish.
The median house price in Fassifern is $740,000, having grown strongly 5.7% over the past year. Units have a median price of $703,000 (-40.2% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 4.4%. The median monthly mortgage repayment is $1,777.
Fassifern is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1005, which is around the national average of 1,000. Public transport access includes 1 rail station, 5 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, Fassifern offers a gross rental yield of 4.4%, rated as moderate yield. Property prices sit below the state median ($740K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.6x is considered stretched. House prices have moved +5.7% year-on-year.
Fassifern is a small community in New South Wales within the Lake Macquarie local government area (postcode 2283). With a population of 586, the suburb has a mature demographic with a median age of 47. Households earn a median income of $70K per year, with an average household size of 2.3 people. The most common occupations are technicians & trades, community & personal service, professionals. The top ancestries reported are English, Australian, Scottish.
The median house price in Fassifern is $740,000, having grown strongly 5.7% over the past year. Units have a median price of $703,000 (-40.2% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 4.4%. The median monthly mortgage repayment is $1,777.
Fassifern is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1005, which is around the national average of 1,000. Public transport access includes 1 rail station, 5 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, Fassifern offers a gross rental yield of 4.4%, rated as moderate yield. Property prices sit below the state median ($740K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.6x is considered stretched. House prices have moved +5.7% year-on-year.