Marmong Point is a small community in New South Wales within the Lake Macquarie local government area (postcode 2284). With a population of 765, the suburb has a mature demographic with a median age of 47. Households earn a median income of $100K per year, with an average household size of 2.5 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are Australian, English, Scottish.
The median house price in Marmong Point is $933,000, having dipped slightly 0.3% over the past year. Units have a median price of $665,000 (+7.5% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $1,946.
Public transport access includes 4 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, Marmong Point offers a gross rental yield of 3.5%, rated as moderate yield. Property prices sit below the state median ($933K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.4x is considered moderate. House prices have moved -0.3% year-on-year.
Marmong Point is a small community in New South Wales within the Lake Macquarie local government area (postcode 2284). With a population of 765, the suburb has a mature demographic with a median age of 47. Households earn a median income of $100K per year, with an average household size of 2.5 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are Australian, English, Scottish.
The median house price in Marmong Point is $933,000, having dipped slightly 0.3% over the past year. Units have a median price of $665,000 (+7.5% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $1,946.
Public transport access includes 4 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, Marmong Point offers a gross rental yield of 3.5%, rated as moderate yield. Property prices sit below the state median ($933K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.4x is considered moderate. House prices have moved -0.3% year-on-year.