Markwell is a quiet locality in New South Wales within the Mid-Coast local government area (postcode 2423). With a population of 144, the suburb has a mature demographic with a median age of 46. Households earn a median income of $68K per year, with an average household size of 2.7 people. The most common occupations are managers, labourers, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Markwell is $929,000, having dropped significantly 11.5% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $1,733.
Public transport access includes 4 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,753 incidents per 100,000 population.
From an investment perspective, Markwell offers a gross rental yield of 2.9%, rated as low yield. Property prices sit below the state median ($929K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 13.6x is considered stretched. House prices have moved -11.5% year-on-year.
Markwell is a quiet locality in New South Wales within the Mid-Coast local government area (postcode 2423). With a population of 144, the suburb has a mature demographic with a median age of 46. Households earn a median income of $68K per year, with an average household size of 2.7 people. The most common occupations are managers, labourers, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Markwell is $929,000, having dropped significantly 11.5% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $1,733.
Public transport access includes 4 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,753 incidents per 100,000 population.
From an investment perspective, Markwell offers a gross rental yield of 2.9%, rated as low yield. Property prices sit below the state median ($929K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 13.6x is considered stretched. House prices have moved -11.5% year-on-year.