Morning Bay is a quiet locality in New South Wales within the Northern Beaches local government area (postcode 2105). With a population of 31, the suburb has an older demographic with a median age of 57. Households earn a median income of $93K per year, with an average household size of 1.6 people. The most common occupations are technicians & trades, professionals, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Morning Bay is $3.5 million, having dropped significantly 35.9% over the past year. The current median weekly rent is $1325. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $3,300.
Public transport access includes 1 ferry wharf. The crime rate in the Northern Beaches LGA is low at 1,499 incidents per 100,000 population.
From an investment perspective, Morning Bay offers a gross rental yield of 2.0%, rated as low yield. Property prices are above the state median ($3.5M/$1.5M), placing it in the premium segment. The price-to-income ratio of 37.8x is considered stretched. House prices have moved -35.9% year-on-year.
Morning Bay is a quiet locality in New South Wales within the Northern Beaches local government area (postcode 2105). With a population of 31, the suburb has an older demographic with a median age of 57. Households earn a median income of $93K per year, with an average household size of 1.6 people. The most common occupations are technicians & trades, professionals, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Morning Bay is $3.5 million, having dropped significantly 35.9% over the past year. The current median weekly rent is $1325. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $3,300.
Public transport access includes 1 ferry wharf. The crime rate in the Northern Beaches LGA is low at 1,499 incidents per 100,000 population.
From an investment perspective, Morning Bay offers a gross rental yield of 2.0%, rated as low yield. Property prices are above the state median ($3.5M/$1.5M), placing it in the premium segment. The price-to-income ratio of 37.8x is considered stretched. House prices have moved -35.9% year-on-year.