Marks Point is a small locality in New South Wales within the Lake Macquarie local government area (postcode 2280). With a population of 1,861, the suburb has an older-leaning population with a median age of 48. Households earn a median income of $58K per year, with an average household size of 2.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.1% 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 professionals, technicians & trades, community & personal service. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Scottish.
The median house price in Marks Point is $925,000, having increased by 3.6% over the past year. Units have a median price of $623,000 (-2.7% YoY). The current median weekly rent is $625. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $1,800.
Marks Point is served by 1 school, including 1 primary. The average ICSEA score is 935, which is below the national average of 1,000. Public transport access includes 1 ferry wharf, 6 bus stops. The crime rate in the Lake Macquarie LGA is below average at 3,436 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 3.5% (moderate yield). Property prices sit below the state median ($925K/$1.5M), which can point to relative value. The price-to-income ratio of 15.9x is considered stretched. House prices have moved +3.6% year-on-year. Population growth of +1.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.