Pelican is a small community in New South Wales within the Lake Macquarie local government area (postcode 2281). With a population of 874, the suburb has a mature demographic with a median age of 48. Households earn a median income of $75K per year, with an average household size of 2.5 people. The most common occupations are technicians & trades, professionals, clerical & administrative. The top ancestries reported are Australian, English, Irish.
The median house price in Pelican is $978,000, having increased 4.5% over the past year. Units have a median price of $700,000 (+70.7% YoY). The current median weekly rent is $675. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $1,785.
Pelican is served by 1 school, including 1 primary. The average ICSEA score is 981, which is around the national average of 1,000. Public transport access includes 12 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, Pelican offers a gross rental yield of 3.6%, rated as moderate yield. Property prices sit below the state median ($978K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 13.0x is considered stretched. House prices have moved +4.5% year-on-year.
Pelican is a small community in New South Wales within the Lake Macquarie local government area (postcode 2281). With a population of 874, the suburb has a mature demographic with a median age of 48. Households earn a median income of $75K per year, with an average household size of 2.5 people. The most common occupations are technicians & trades, professionals, clerical & administrative. The top ancestries reported are Australian, English, Irish.
The median house price in Pelican is $978,000, having increased 4.5% over the past year. Units have a median price of $700,000 (+70.7% YoY). The current median weekly rent is $675. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $1,785.
Pelican is served by 1 school, including 1 primary. The average ICSEA score is 981, which is around the national average of 1,000. Public transport access includes 12 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, Pelican offers a gross rental yield of 3.6%, rated as moderate yield. Property prices sit below the state median ($978K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 13.0x is considered stretched. House prices have moved +4.5% year-on-year.