Lower Mangrove is a quiet locality in New South Wales within the Central Coast (NSW) local government area (postcode 2250). With a population of 70, the suburb has a mature demographic with a median age of 53. Households earn a median income of $68K per year, with an average household size of 2.1 people. The most common occupations are professionals, labourers, managers. The top ancestries reported are English, Australian, Scottish.
The median house price in Lower Mangrove is $1.5 million, having dropped significantly 46.1% over the past year. The current median weekly rent is $650. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $1,467.
Public transport access includes 2 ferry wharfves. The crime rate in the Central Coast (NSW) LGA is below average at 3,528 incidents per 100,000 population.
From an investment perspective, Lower Mangrove offers a gross rental yield of 2.3%, rated as low yield. Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 21.5x is considered stretched. House prices have moved -46.1% year-on-year.
Lower Mangrove is a quiet locality in New South Wales within the Central Coast (NSW) local government area (postcode 2250). With a population of 70, the suburb has a mature demographic with a median age of 53. Households earn a median income of $68K per year, with an average household size of 2.1 people. The most common occupations are professionals, labourers, managers. The top ancestries reported are English, Australian, Scottish.
The median house price in Lower Mangrove is $1.5 million, having dropped significantly 46.1% over the past year. The current median weekly rent is $650. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $1,467.
Public transport access includes 2 ferry wharfves. The crime rate in the Central Coast (NSW) LGA is below average at 3,528 incidents per 100,000 population.
From an investment perspective, Lower Mangrove offers a gross rental yield of 2.3%, rated as low yield. Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 21.5x is considered stretched. House prices have moved -46.1% year-on-year.