Mangrove Creek is a quiet locality in New South Wales within the Central Coast (NSW) local government area (postcode 2250). With a population of 56, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $111K per year, with an average household size of 3.7 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are Chinese, Greek, Australian.
The median house price in Mangrove Creek is $1.8 million, having dropped significantly 45.4% over the past year. The current median weekly rent is $650. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $3,359.
The crime rate in the Central Coast (NSW) LGA is below average at 3,528 incidents per 100,000 population.
From an investment perspective, Mangrove Creek offers a gross rental yield of 1.9%, rated as low yield. Property prices are near the state median ($1.8M/$1.5M). The price-to-income ratio of 16.1x is considered stretched. House prices have moved -45.4% year-on-year.
Mangrove Creek is a quiet locality in New South Wales within the Central Coast (NSW) local government area (postcode 2250). With a population of 56, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $111K per year, with an average household size of 3.7 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are Chinese, Greek, Australian.
The median house price in Mangrove Creek is $1.8 million, having dropped significantly 45.4% over the past year. The current median weekly rent is $650. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $3,359.
The crime rate in the Central Coast (NSW) LGA is below average at 3,528 incidents per 100,000 population.
From an investment perspective, Mangrove Creek offers a gross rental yield of 1.9%, rated as low yield. Property prices are near the state median ($1.8M/$1.5M). The price-to-income ratio of 16.1x is considered stretched. House prices have moved -45.4% year-on-year.