Garden Suburb is a small community in New South Wales within the Lake Macquarie local government area (postcode 2289). With a population of 1,959, the suburb has an established demographic with a median age of 41. Households earn a median income of $123K per year, with an average household size of 2.9 people. The most common occupations are professionals, clerical & administrative, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Garden Suburb is $1.1 million, having surged 15.2% over the past year. Units have a median price of $1.1 million (+161% YoY). The current median weekly rent is $740. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $2,066.
Garden Suburb is served by 1 school, including 1 primary. The average ICSEA score is 1045, which is around 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, Garden Suburb offers a gross rental yield of 3.5%, rated as moderate yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 9.0x is considered moderate. House prices have moved +15.2% year-on-year.
Garden Suburb is a small community in New South Wales within the Lake Macquarie local government area (postcode 2289). With a population of 1,959, the suburb has an established demographic with a median age of 41. Households earn a median income of $123K per year, with an average household size of 2.9 people. The most common occupations are professionals, clerical & administrative, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Garden Suburb is $1.1 million, having surged 15.2% over the past year. Units have a median price of $1.1 million (+161% YoY). The current median weekly rent is $740. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $2,066.
Garden Suburb is served by 1 school, including 1 primary. The average ICSEA score is 1045, which is around 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, Garden Suburb offers a gross rental yield of 3.5%, rated as moderate yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 9.0x is considered moderate. House prices have moved +15.2% year-on-year.