Kotara South is a small community in New South Wales within the Lake Macquarie local government area (postcode 2289). With a population of 1,267, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $116K per year, with an average household size of 2.8 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Kotara South is $1.6 million, having surged 56.9% over the past year. Units have a median price of $632,000. The current median weekly rent is $740. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $2,167.
Kotara South is served by 1 school, including 1 primary. The average ICSEA score is 1104, which is well above 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, Kotara South offers a gross rental yield of 2.4%, rated as low yield. Property prices are near the state median ($1.6M/$1.5M). The price-to-income ratio of 13.8x is considered stretched. House prices have moved +56.9% year-on-year.
Kotara South is a small community in New South Wales within the Lake Macquarie local government area (postcode 2289). With a population of 1,267, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $116K per year, with an average household size of 2.8 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Kotara South is $1.6 million, having surged 56.9% over the past year. Units have a median price of $632,000. The current median weekly rent is $740. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $2,167.
Kotara South is served by 1 school, including 1 primary. The average ICSEA score is 1104, which is well above 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, Kotara South offers a gross rental yield of 2.4%, rated as low yield. Property prices are near the state median ($1.6M/$1.5M). The price-to-income ratio of 13.8x is considered stretched. House prices have moved +56.9% year-on-year.