Lapstone (postcode 2773) is a small locality in New South Wales within the Blue Mountains local government area. The area has roughly 948 residents and a settled mid-life population, with a median age of 44. Households earn a median income of $122K per year, with an average household size of 2.8 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.5% 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 education and healthcare. The top ancestries reported are English, Australian, Scottish.
Median house prices in Lapstone stand at $1.2 million, having moved lower by 3.8% over the last twelve months. The current median weekly rent is $690. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $2,300.
Public transport access includes 12 bus stops. The crime rate in the Blue Mountains LGA is low at 1,840 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 3.1% (moderate yield). Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 9.7x is considered moderate. House prices have moved -3.8% year-on-year. Population growth of +0.5% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.