Fennell Bay is a small community in New South Wales within the Lake Macquarie local government area (postcode 2283). With a population of 1,780, the suburb has a mature demographic with a median age of 45. Households earn a median income of $72K per year, with an average household size of 2.4 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Fennell Bay is $1.2 million, having surged 38.1% over the past year. Units have a median price of $558,000 (+7.2% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $1,734.
Fennell Bay is served by 1 school, including 1 primary. The average ICSEA score is 889, which is well below the national average of 1,000. Public transport access includes 14 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, Fennell Bay offers a gross rental yield of 2.8%, rated as low yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 16.2x is considered stretched. House prices have moved +38.1% year-on-year.
Fennell Bay is a small community in New South Wales within the Lake Macquarie local government area (postcode 2283). With a population of 1,780, the suburb has a mature demographic with a median age of 45. Households earn a median income of $72K per year, with an average household size of 2.4 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Fennell Bay is $1.2 million, having surged 38.1% over the past year. Units have a median price of $558,000 (+7.2% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $1,734.
Fennell Bay is served by 1 school, including 1 primary. The average ICSEA score is 889, which is well below the national average of 1,000. Public transport access includes 14 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, Fennell Bay offers a gross rental yield of 2.8%, rated as low yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 16.2x is considered stretched. House prices have moved +38.1% year-on-year.