Lake Munmorah (postcode 2259) is a medium-sized suburb in New South Wales within the Central Coast (NSW) local government area. With a population of 5,084, the suburb has an older-leaning population with a median age of 50. Households earn a median income of $60K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% 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, professionals, clerical & administrative. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Irish.
The median house price in Lake Munmorah is $823,000, having declined by 5.5% over the past year. Units have a median price of $505,000. The current median weekly rent is $650. This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $1,733.
Lake Munmorah is served by 4 schools, including 2 primary, 2 secondary. The average ICSEA score is 972, which is around the national average of 1,000. Public transport access includes 42 bus stops. The crime rate in the Central Coast (NSW) LGA is below average at 3,557 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 4.1%, which reads as moderate yield. Property prices sit below the state median ($823K/$1.5M), which can point to relative value. The price-to-income ratio of 13.7x is considered stretched. House prices have moved -5.5% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.