Located in New South Wales within the Port Macquarie-Hastings local government area, Lake Innes is a quiet locality (postcode 2446). The area has roughly 495 residents and a settled mid-life population, with a median age of 44. Households earn a median income of $115K per year, with an average household size of 3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.5% 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 professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and construction. The top ancestries reported are Australian, English, Irish.
Lake Innes has a median house price of $1.4 million, which has risen steeply by 25% year-on-year. The current median weekly rent is $535. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $2,145.
Public transport access includes 12 bus stops. The crime rate in the Port Macquarie-Hastings LGA is below average at 3,587 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 2.0% (low yield). Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 12.2x is considered stretched. House prices have moved +25.0% year-on-year. Population growth of +1.5% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.