Medowie is a well-established suburb in New South Wales within the Port Stephens local government area (postcode 2318). With a population of 10,879, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $106K per year, with an average household size of 2.9 people. The most common occupations are technicians & trades, professionals, clerical & administrative. The top ancestries reported are Australian, English, Scottish.
The median house price in Medowie is $1.1 million, having surged 24.7% over the past year. Units have a median price of $620,000 (+11.8% YoY). The current median weekly rent is $690. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,950.
Medowie is served by 4 schools, including 2 primary, 1 secondary, 1 combined. The average ICSEA score is 1010, which is around the national average of 1,000. Public transport access includes 116 bus stops. The crime rate in the Port Stephens LGA is below average at 3,106 incidents per 100,000 population.
From an investment perspective, Medowie offers a gross rental yield of 3.3%, rated as moderate yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 10.2x is considered stretched. House prices have moved +24.7% year-on-year.
Medowie is a well-established suburb in New South Wales within the Port Stephens local government area (postcode 2318). With a population of 10,879, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $106K per year, with an average household size of 2.9 people. The most common occupations are technicians & trades, professionals, clerical & administrative. The top ancestries reported are Australian, English, Scottish.
The median house price in Medowie is $1.1 million, having surged 24.7% over the past year. Units have a median price of $620,000 (+11.8% YoY). The current median weekly rent is $690. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,950.
Medowie is served by 4 schools, including 2 primary, 1 secondary, 1 combined. The average ICSEA score is 1010, which is around the national average of 1,000. Public transport access includes 116 bus stops. The crime rate in the Port Stephens LGA is below average at 3,106 incidents per 100,000 population.
From an investment perspective, Medowie offers a gross rental yield of 3.3%, rated as moderate yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 10.2x is considered stretched. House prices have moved +24.7% year-on-year.