Fassifern (postcode 2283) is a small locality in New South Wales within the Lake Macquarie local government area. The area has roughly 586 residents and an older-leaning population, with a median age of 47. Households earn a median income of $70K per year, with an average household size of 2.3 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 technicians & trades, community & personal service, professionals. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Scottish.
Median house prices in Fassifern stand at $740,000, having ticked up by 1.4% over the last twelve months. Units have a median price of $649,000 (+93.7% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 4.2%. 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 3,436 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 4.2% (moderate yield). Property prices sit below the state median ($740K/$1.5M), which can point to relative value. The price-to-income ratio of 10.6x is considered stretched. House prices have moved +1.4% 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.