Mandalong is a quiet locality in New South Wales within the Lake Macquarie local government area (postcode 2264). With a population of 433, the suburb has a mature demographic with a median age of 47. Households earn a median income of $99K per year, with an average household size of 3 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Mandalong is $1.4 million, having surged 12% over the past year. The current median weekly rent is $650. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $2,383.
Public transport access includes 3 bus stops. The crime rate in the Lake Macquarie LGA is below average at 3,396 incidents per 100,000 population.
From an investment perspective, Mandalong offers a gross rental yield of 2.4%, rated as low yield. Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 14.1x is considered stretched. House prices have moved +12.0% year-on-year.
Mandalong is a quiet locality in New South Wales within the Lake Macquarie local government area (postcode 2264). With a population of 433, the suburb has a mature demographic with a median age of 47. Households earn a median income of $99K per year, with an average household size of 3 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Mandalong is $1.4 million, having surged 12% over the past year. The current median weekly rent is $650. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $2,383.
Public transport access includes 3 bus stops. The crime rate in the Lake Macquarie LGA is below average at 3,396 incidents per 100,000 population.
From an investment perspective, Mandalong offers a gross rental yield of 2.4%, rated as low yield. Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 14.1x is considered stretched. House prices have moved +12.0% year-on-year.