Lake George (postcode 2581) is a sparsely populated locality in New South Wales within the Queanbeyan-Palerang Regional local government area. It is home to about 118 residents, with an older-leaning population and a median age of 46. Households earn a median income of $195K per year, with an average household size of 2.7 people. 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 professionals, managers, community & personal service. Employment in the area leans toward public admin & safety and professional services. The top ancestries reported are Australian, English, Irish.
Median house prices in Lake George stand at $1.3 million, having risen steeply by 61.5% over the last twelve months. The current median weekly rent is $750. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $3,040.
Public transport access includes 4 bus stops. The crime rate in the Queanbeyan-Palerang Regional LGA is below average at 2,677 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 3.0%, which reads as moderate yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 6.7x is considered moderate. House prices have moved +61.5% year-on-year.