Murrays Beach (postcode 2281) is a close-knit residential community in New South Wales within the Lake Macquarie local government area. 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. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.1% 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, clerical & administrative, managers. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
Median house prices in Murrays Beach stand at $1.2 million, having risen solidly by 7.1% over the last twelve months. The current median weekly rent is $670. 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 3,436 incidents per 100,000 population.
Looking at the investment signals, Murrays Beach shows a gross rental yield of approximately 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 +7.1% year-on-year. Population growth of +1.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.