Located in New South Wales within the Northern Beaches local government area, Mona Vale is a well-established suburb (postcode 2103). With a population of 10,877, the suburb has a settled, mature resident base with a median age of 46. Households earn a median income of $119K per year, with an average household size of 2.6 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.5% 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 construction and healthcare. The top ancestries reported are English, Australian, Irish.
Median house prices in Mona Vale stand at $2.7 million, having posted strong gains by 9% over the last twelve months. Units have a median price of $1.3 million (-0.7% YoY). The current median weekly rent is $1190. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $3,033.
Mona Vale is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 1090, which is above the national average of 1,000. Public transport access includes 62 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Northern Beaches LGA is low at 1,515 incidents per 100,000 population.
On the investment side, Mona Vale shows a gross rental yield of approximately 2.3%, rated as low yield. Property prices are above the state median ($2.7M/$1.5M), placing it in the premium segment. The price-to-income ratio of 22.9x is considered stretched. House prices have moved +9.0% year-on-year. Population growth of +0.5% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.