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. 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, managers, technicians & trades. Employment in the area leans toward education and construction. The top ancestries reported are Australian, English, Irish.
Median house prices in Martinsville stand at $1.5 million, having declined steeply by 11.8% over the last twelve months. The current median weekly rent is $650. This gives a gross rental yield of approximately 2.3%. 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 3,436 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 2.3% (low yield). Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 15.8x is considered stretched. House prices have moved -11.8% 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.