Fern Bay is a smaller suburb in New South Wales within the Port Stephens local government area (postcode 2295). With a population of 4,046, the suburb has an established demographic with a median age of 43. Households earn a median income of $75K 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, Irish.
The median house price in Fern Bay is $1.2 million, having surged 21.2% over the past year. Units have a median price of $698,000 (+2.9% YoY). The current median weekly rent is $750. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $2,299.
Fern Bay is served by 1 school, including 1 primary. The average ICSEA score is 1002, which is around the national average of 1,000. Public transport access includes 16 bus stops. The crime rate in the Port Stephens LGA is below average at 3,106 incidents per 100,000 population.
From an investment perspective, Fern Bay offers a gross rental yield of 3.3%, rated as moderate yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 15.7x is considered stretched. House prices have moved +21.2% year-on-year.
Fern Bay is a smaller suburb in New South Wales within the Port Stephens local government area (postcode 2295). With a population of 4,046, the suburb has an established demographic with a median age of 43. Households earn a median income of $75K 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, Irish.
The median house price in Fern Bay is $1.2 million, having surged 21.2% over the past year. Units have a median price of $698,000 (+2.9% YoY). The current median weekly rent is $750. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $2,299.
Fern Bay is served by 1 school, including 1 primary. The average ICSEA score is 1002, which is around the national average of 1,000. Public transport access includes 16 bus stops. The crime rate in the Port Stephens LGA is below average at 3,106 incidents per 100,000 population.
From an investment perspective, Fern Bay offers a gross rental yield of 3.3%, rated as moderate yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 15.7x is considered stretched. House prices have moved +21.2% year-on-year.