Morisset Park is a small community in New South Wales within the Lake Macquarie local government area (postcode 2264). With a population of 1,085, the suburb has an established demographic with a median age of 38. Households earn a median income of $97K per year, with an average household size of 2.9 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Morisset Park is $1.1 million, having surged 10.7% over the past year. Units have a median price of $683,000 (+53.4% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $2,029.
Public transport access includes 4 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, Morisset Park offers a gross rental yield of 3.0%, rated as low yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 11.7x is considered stretched. House prices have moved +10.7% year-on-year.
Morisset Park is a small community in New South Wales within the Lake Macquarie local government area (postcode 2264). With a population of 1,085, the suburb has an established demographic with a median age of 38. Households earn a median income of $97K per year, with an average household size of 2.9 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Morisset Park is $1.1 million, having surged 10.7% over the past year. Units have a median price of $683,000 (+53.4% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $2,029.
Public transport access includes 4 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, Morisset Park offers a gross rental yield of 3.0%, rated as low yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 11.7x is considered stretched. House prices have moved +10.7% year-on-year.