Mirrabooka is a small community in New South Wales within the Lake Macquarie local government area (postcode 2264). With a population of 809, the suburb has an established demographic with a median age of 42. Households earn a median income of $81K 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 English, Australian, Irish.
The median house price in Mirrabooka is $900,000, having increased 4% over the past year. The current median weekly rent is $650. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $1,755.
Public transport access includes 5 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, Mirrabooka offers a gross rental yield of 3.8%, rated as moderate yield. Property prices sit below the state median ($900K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 11.1x is considered stretched. House prices have moved +4.0% year-on-year.
Mirrabooka is a small community in New South Wales within the Lake Macquarie local government area (postcode 2264). With a population of 809, the suburb has an established demographic with a median age of 42. Households earn a median income of $81K 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 English, Australian, Irish.
The median house price in Mirrabooka is $900,000, having increased 4% over the past year. The current median weekly rent is $650. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $1,755.
Public transport access includes 5 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, Mirrabooka offers a gross rental yield of 3.8%, rated as moderate yield. Property prices sit below the state median ($900K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 11.1x is considered stretched. House prices have moved +4.0% year-on-year.