Marks Point is a small community in New South Wales within the Lake Macquarie local government area (postcode 2280). With a population of 1,861, the suburb has a mature demographic with a median age of 48. Households earn a median income of $58K per year, with an average household size of 2.1 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Marks Point is $985,000, having grown strongly 5.1% over the past year. Units have a median price of $685,000 (+6.6% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 3.4%. 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 3,396 incidents per 100,000 population.
From an investment perspective, Marks Point offers a gross rental yield of 3.4%, rated as moderate yield. Property prices sit below the state median ($985K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 16.9x is considered stretched. House prices have moved +5.1% year-on-year.
Marks Point is a small community in New South Wales within the Lake Macquarie local government area (postcode 2280). With a population of 1,861, the suburb has a mature demographic with a median age of 48. Households earn a median income of $58K per year, with an average household size of 2.1 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Marks Point is $985,000, having grown strongly 5.1% over the past year. Units have a median price of $685,000 (+6.6% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 3.4%. 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 3,396 incidents per 100,000 population.
From an investment perspective, Marks Point offers a gross rental yield of 3.4%, rated as moderate yield. Property prices sit below the state median ($985K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 16.9x is considered stretched. House prices have moved +5.1% year-on-year.