Located in New South Wales within the Mid-Coast local government area, Manning Point is a sparsely populated locality (postcode 2430). The area has roughly 229 residents and a predominantly older resident base, with a median age of 64. Households earn a median income of $36K per year, with an average household size of 1.6 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% 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 community & personal service, professionals, machinery operators & drivers. Employment in the area leans toward healthcare and accommodation & food. The top ancestries reported are English, Australian, Irish.
The median house price in Manning Point is $535,000, having dropped significantly by 26.7% over the past year. Units have a median price of $253,000 (+7.4% YoY). The current median weekly rent is $530. This gives a gross rental yield of approximately 5.2%. The median monthly mortgage repayment is $1,181.
Public transport access includes 3 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,779 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 5.2%, which reads as high yield. Property prices sit below the state median ($535K/$1.5M), which can point to relative value. The price-to-income ratio of 14.8x is considered stretched. House prices have moved -26.7% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.