Killingworth is a close-knit residential community in New South Wales within the Lake Macquarie local government area (postcode 2278). It is home to about 690 residents, with a settled mid-life population and a median age of 39. Households earn a median income of $109K per year, with an average household size of 3.1 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, clerical & administrative, community & personal service. Employment in the area leans toward construction and healthcare. The top ancestries reported are Australian, English, Scottish.
Median house prices in Killingworth stand at $925,000, having grown strongly by 7.9% over the last twelve months. The current median weekly rent is $750. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $1,950.
Public transport access includes 13 bus stops. The crime rate in the Lake Macquarie LGA is below average at 3,436 incidents per 100,000 population.
From an investment perspective, Killingworth shows a gross rental yield of approximately 4.2%, rated as moderate yield. Property prices sit below the state median ($925K/$1.5M), which can point to relative value. The price-to-income ratio of 8.5x is considered moderate. House prices have moved +7.9% 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.