Located in New South Wales within the Port Stephens local government area, Salamander Bay is a smaller suburb (postcode 2317). With a population of 4,991, the suburb has a more retirement-aged population with a median age of 57. Households earn a median income of $58K per year, with an average household size of 2.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.3% 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, community & personal service. Employment in the area leans toward healthcare and accommodation & food. The top ancestries reported are English, Australian, Irish.
Median house prices in Salamander Bay stand at $2.2 million, having risen steeply by 95.5% over the last twelve months. Units have a median price of $643,000 (-6.8% YoY). The current median weekly rent is $670. This gives a gross rental yield of approximately 1.6%. The median monthly mortgage repayment is $1,733.
Salamander Bay is served by 4 schools, including 2 primary, 1 secondary, 1 combined. The average ICSEA score is 946, which is below the national average of 1,000. Public transport access includes 51 bus stops. The crime rate in the Port Stephens LGA is below average at 3,152 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 1.6%, which reads as low yield. Property prices are above the state median ($2.2M/$1.5M), placing it in the premium segment. The price-to-income ratio of 37.9x is considered stretched. House prices have moved +95.5% year-on-year. Population growth of +1.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.