Lake Munmorah is a mid-sized suburb in New South Wales within the Central Coast (NSW) local government area (postcode 2259). With a population of 5,084, the suburb has a mature demographic with a median age of 50. Households earn a median income of $60K per year, with an average household size of 2.3 people. The most common occupations are technicians & trades, professionals, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Lake Munmorah is $776,000, having dipped slightly 1.8% over the past year. Units have a median price of $665,000 (+31.7% YoY). The current median weekly rent is $660. This gives a gross rental yield of approximately 4.4%. 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 3,528 incidents per 100,000 population.
From an investment perspective, Lake Munmorah offers a gross rental yield of 4.4%, rated as moderate yield. Property prices sit below the state median ($776K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 12.9x is considered stretched. House prices have moved -1.8% year-on-year.
Lake Munmorah is a mid-sized suburb in New South Wales within the Central Coast (NSW) local government area (postcode 2259). With a population of 5,084, the suburb has a mature demographic with a median age of 50. Households earn a median income of $60K per year, with an average household size of 2.3 people. The most common occupations are technicians & trades, professionals, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Lake Munmorah is $776,000, having dipped slightly 1.8% over the past year. Units have a median price of $665,000 (+31.7% YoY). The current median weekly rent is $660. This gives a gross rental yield of approximately 4.4%. 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 3,528 incidents per 100,000 population.
From an investment perspective, Lake Munmorah offers a gross rental yield of 4.4%, rated as moderate yield. Property prices sit below the state median ($776K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 12.9x is considered stretched. House prices have moved -1.8% year-on-year.