Murrays Beach is a small community in New South Wales within the Lake Macquarie local government area (postcode 2281). With a population of 882, the suburb has an established demographic with a median age of 44. Households earn a median income of $120K per year, with an average household size of 2.8 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Murrays Beach is $1.2 million, having increased 4.3% over the past year. The current median weekly rent is $675. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $2,383.
Public transport access includes 1 ferry wharf, 3 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, Murrays Beach offers a gross rental yield of 2.9%, rated as low yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 10.0x is considered stretched. House prices have moved +4.3% year-on-year.
Murrays Beach is a small community in New South Wales within the Lake Macquarie local government area (postcode 2281). With a population of 882, the suburb has an established demographic with a median age of 44. Households earn a median income of $120K per year, with an average household size of 2.8 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Murrays Beach is $1.2 million, having increased 4.3% over the past year. The current median weekly rent is $675. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $2,383.
Public transport access includes 1 ferry wharf, 3 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, Murrays Beach offers a gross rental yield of 2.9%, rated as low yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 10.0x is considered stretched. House prices have moved +4.3% year-on-year.