Lake George is a quiet locality in New South Wales within the Queanbeyan-Palerang Regional local government area (postcode 2581). With a population of 118, the suburb has a mature demographic with a median age of 46. Households earn a median income of $195K per year, with an average household size of 2.7 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are Australian, English, Irish.
The median house price in Lake George is $1.4 million, having surged 44.7% over the past year. The median weekly rent is $388 (Census 2021). This gives a gross rental yield of approximately 1.4%. 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 2,796 incidents per 100,000 population.
From an investment perspective, Lake George offers a gross rental yield of 1.4%, rated as low yield. Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 7.2x is considered moderate. House prices have moved +44.7% year-on-year.
Lake George is a quiet locality in New South Wales within the Queanbeyan-Palerang Regional local government area (postcode 2581). With a population of 118, the suburb has a mature demographic with a median age of 46. Households earn a median income of $195K per year, with an average household size of 2.7 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are Australian, English, Irish.
The median house price in Lake George is $1.4 million, having surged 44.7% over the past year. The median weekly rent is $388 (Census 2021). This gives a gross rental yield of approximately 1.4%. 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 2,796 incidents per 100,000 population.
From an investment perspective, Lake George offers a gross rental yield of 1.4%, rated as low yield. Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 7.2x is considered moderate. House prices have moved +44.7% year-on-year.