Lemon Tree Passage is a smaller suburb in New South Wales within the Port Stephens local government area (postcode 2319). With a population of 2,686, the suburb has a mature demographic with a median age of 52. Households earn a median income of $56K per year, with an average household size of 2.3 people. The most common occupations are technicians & trades, community & personal service, professionals. The top ancestries reported are English, Australian, Scottish.
The median house price in Lemon Tree Passage is $685,000, having declined 7.4% over the past year. Units have a median price of $608,000 (+10.5% YoY). The current median weekly rent is $580. This gives a gross rental yield of approximately 4.4%. 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 3,106 incidents per 100,000 population.
From an investment perspective, Lemon Tree Passage offers a gross rental yield of 4.4%, rated as moderate yield. Property prices sit below the state median ($685K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 12.3x is considered stretched. House prices have moved -7.4% year-on-year.
Lemon Tree Passage is a smaller suburb in New South Wales within the Port Stephens local government area (postcode 2319). With a population of 2,686, the suburb has a mature demographic with a median age of 52. Households earn a median income of $56K per year, with an average household size of 2.3 people. The most common occupations are technicians & trades, community & personal service, professionals. The top ancestries reported are English, Australian, Scottish.
The median house price in Lemon Tree Passage is $685,000, having declined 7.4% over the past year. Units have a median price of $608,000 (+10.5% YoY). The current median weekly rent is $580. This gives a gross rental yield of approximately 4.4%. 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 3,106 incidents per 100,000 population.
From an investment perspective, Lemon Tree Passage offers a gross rental yield of 4.4%, rated as moderate yield. Property prices sit below the state median ($685K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 12.3x is considered stretched. House prices have moved -7.4% year-on-year.