Martinsville is a quiet locality in New South Wales within the Lake Macquarie local government area (postcode 2265). With a population of 389, the suburb has a mature demographic with a median age of 53. Households earn a median income of $95K per year, with an average household size of 2.8 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Martinsville is $1.7 million, having surged 14.7% over the past year. The current median weekly rent is $570. This gives a gross rental yield of approximately 1.7%. The median monthly mortgage repayment is $2,149.
Public transport access includes 3 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, Martinsville offers a gross rental yield of 1.7%, rated as low yield. Property prices are near the state median ($1.7M/$1.5M). The price-to-income ratio of 18.2x is considered stretched. House prices have moved +14.7% year-on-year.
Martinsville is a quiet locality in New South Wales within the Lake Macquarie local government area (postcode 2265). With a population of 389, the suburb has a mature demographic with a median age of 53. Households earn a median income of $95K per year, with an average household size of 2.8 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Martinsville is $1.7 million, having surged 14.7% over the past year. The current median weekly rent is $570. This gives a gross rental yield of approximately 1.7%. The median monthly mortgage repayment is $2,149.
Public transport access includes 3 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, Martinsville offers a gross rental yield of 1.7%, rated as low yield. Property prices are near the state median ($1.7M/$1.5M). The price-to-income ratio of 18.2x is considered stretched. House prices have moved +14.7% year-on-year.