Lovett Bay (postcode 2105) is a small, quiet locality in New South Wales within the Northern Beaches local government area. With a population of 117, the suburb has a more retirement-aged population with a median age of 59. Households earn a median income of $127K 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 +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, technicians & trades. Employment in the area leans toward professional services and construction. The top ancestries reported are English, Australian, Scottish.
Lovett Bay has a median house price of $2.4 million, which has declined by 6% year-on-year. The current median weekly rent is $1900. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $3,696.
The crime rate in the Northern Beaches LGA is low at 1,515 incidents per 100,000 population.
Looking at the investment signals, Lovett Bay shows a gross rental yield of approximately 4.2%, rated as moderate yield. Property prices are above the state median ($2.4M/$1.5M), placing it in the premium segment. The price-to-income ratio of 18.5x is considered stretched. House prices have moved -6.0% 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.