Located in New South Wales within the Port Macquarie-Hastings local government area, Lakewood is a small community (postcode 2443). The area has roughly 1,249 residents and 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. 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 technicians & trades, professionals, community & personal service. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Irish.
The median house price in Lakewood is $698,000, having eased back by 2.7% over the past year. Units have a median price of $565,000 (+54.8% YoY). The current median weekly rent is $470. This gives a gross rental yield of approximately 3.5%. 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 3,587 incidents per 100,000 population.
On the investment side, Lakewood shows a gross rental yield of approximately 3.5%, rated as moderate yield. Property prices sit below the state median ($698K/$1.5M), which can point to relative value. The price-to-income ratio of 13.0x is considered stretched. House prices have moved -2.7% 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.