Lakewood is a small community in New South Wales within the Port Macquarie-Hastings local government area (postcode 2443). With a population of 1,249, the suburb has an older demographic with a median age of 58. Households earn a median income of $54K per year, with an average household size of 2.2 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Lakewood is $729,000, having grown strongly 7.3% over the past year. Units have a median price of $565,000 (-4.9% YoY). The current median weekly rent is $585. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $1,540.
Public transport access includes 2 bus stops. The crime rate in the Port Macquarie-Hastings LGA is below average at 3,538 incidents per 100,000 population.
From an investment perspective, Lakewood offers a gross rental yield of 4.2%, rated as moderate yield. Property prices sit below the state median ($729K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 13.5x is considered stretched. House prices have moved +7.3% year-on-year.
Lakewood is a small community in New South Wales within the Port Macquarie-Hastings local government area (postcode 2443). With a population of 1,249, the suburb has an older demographic with a median age of 58. Households earn a median income of $54K per year, with an average household size of 2.2 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Lakewood is $729,000, having grown strongly 7.3% over the past year. Units have a median price of $565,000 (-4.9% YoY). The current median weekly rent is $585. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $1,540.
Public transport access includes 2 bus stops. The crime rate in the Port Macquarie-Hastings LGA is below average at 3,538 incidents per 100,000 population.
From an investment perspective, Lakewood offers a gross rental yield of 4.2%, rated as moderate yield. Property prices sit below the state median ($729K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 13.5x is considered stretched. House prices have moved +7.3% year-on-year.