Magenta is a quiet locality in New South Wales within the Central Coast (NSW) local government area (postcode 2261). With a population of 332, the suburb has an older demographic with a median age of 60. Households earn a median income of $96K per year, with an average household size of 2.1 people. The most common occupations are managers, professionals, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Magenta is $2.0 million, having surged 16.8% over the past year. Units have a median price of $1.0 million (+25% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 1.5%. The median monthly mortgage repayment is $2,139.
Public transport access includes 1 bus stop. The crime rate in the Central Coast (NSW) LGA is below average at 3,528 incidents per 100,000 population.
From an investment perspective, Magenta offers a gross rental yield of 1.5%, rated as low yield. Property prices are above the state median ($2.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 21.4x is considered stretched. House prices have moved +16.8% year-on-year.
Magenta is a quiet locality in New South Wales within the Central Coast (NSW) local government area (postcode 2261). With a population of 332, the suburb has an older demographic with a median age of 60. Households earn a median income of $96K per year, with an average household size of 2.1 people. The most common occupations are managers, professionals, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Magenta is $2.0 million, having surged 16.8% over the past year. Units have a median price of $1.0 million (+25% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 1.5%. The median monthly mortgage repayment is $2,139.
Public transport access includes 1 bus stop. The crime rate in the Central Coast (NSW) LGA is below average at 3,528 incidents per 100,000 population.
From an investment perspective, Magenta offers a gross rental yield of 1.5%, rated as low yield. Property prices are above the state median ($2.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 21.4x is considered stretched. House prices have moved +16.8% year-on-year.