Located in New South Wales within the Lake Macquarie local government area, Pelican is a close-knit residential community (postcode 2281). The area has roughly 874 residents and 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. 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 technicians & trades, professionals, clerical & administrative. Employment in the area leans toward construction and healthcare. The top ancestries reported are Australian, English, Irish.
The median house price in Pelican is $1.1 million, having climbed sharply by 12.3% over the past year. The current median weekly rent is $670. This gives a gross rental yield of approximately 3.3%. 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 3,436 incidents per 100,000 population.
From an investment perspective, Pelican shows a gross rental yield of approximately 3.3%, rated as moderate yield. Property prices sit below the state median ($1.1M/$1.5M), which can point to relative value. The price-to-income ratio of 13.9x is considered stretched. House prices have moved +12.3% 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.