Located in New South Wales within the Newcastle local government area, Lenaghan is a quiet locality (postcode 2322). It is home to about 70 residents, with a settled mid-life population and a median age of 43. Households earn a median income of $159K per year, with an average household size of 3.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.1% 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, managers. Employment in the area leans toward retail trade and manufacturing. The top ancestries reported are Australian, English, German.
Lenaghan has a median house price of $740,000, holding roughly steady year-on-year. The current median weekly rent is $680. This gives a gross rental yield of approximately 4.8%. The median monthly mortgage repayment is $2,909.
Public transport access includes 3 bus stops. The crime rate in the Newcastle LGA is moderate at 6,285 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 4.8%, which reads as moderate yield. Property prices sit below the state median ($740K/$1.5M), which can point to relative value. The price-to-income ratio of 4.6x is considered affordable. House prices have moved +0.0% year-on-year. Population growth of +1.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.