Lemon Tree Passage (postcode 2319) is a smaller suburb in New South Wales within the Port Stephens local government area. The area has roughly 2,686 residents and a settled, mature resident base, with a median age of 52. Households earn a median income of $56K 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 +1.3% 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, community & personal service, professionals. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Scottish.
Lemon Tree Passage has a median house price of $730,000, which has risen modestly by 1% year-on-year. Units have a median price of $543,000 (+6.6% YoY). The current median weekly rent is $680. This gives a gross rental yield of approximately 4.8%. The median monthly mortgage repayment is $1,600.
Public transport access includes 14 bus stops. The crime rate in the Port Stephens LGA is below average at 3,152 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 4.8% (moderate yield). Property prices sit below the state median ($730K/$1.5M), which can point to relative value. The price-to-income ratio of 13.1x is considered stretched. House prices have moved +1.0% year-on-year. Population growth of +1.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.