Scotland Island is a small community in New South Wales within the Northern Beaches local government area (postcode 2105). With a population of 711, the suburb has a mature demographic with a median age of 48. Households earn a median income of $125K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Scotland Island is $1.5 million, having grown strongly 9.8% over the past year. The current median weekly rent is $1325. This gives a gross rental yield of approximately 4.5%. The median monthly mortgage repayment is $2,600.
Public transport access includes 4 ferry wharfves. The crime rate in the Northern Beaches LGA is low at 1,499 incidents per 100,000 population.
From an investment perspective, Scotland Island offers a gross rental yield of 4.5%, rated as moderate yield. Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 12.3x is considered stretched. House prices have moved +9.8% year-on-year.
Scotland Island is a small community in New South Wales within the Northern Beaches local government area (postcode 2105). With a population of 711, the suburb has a mature demographic with a median age of 48. Households earn a median income of $125K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Scotland Island is $1.5 million, having grown strongly 9.8% over the past year. The current median weekly rent is $1325. This gives a gross rental yield of approximately 4.5%. The median monthly mortgage repayment is $2,600.
Public transport access includes 4 ferry wharfves. The crime rate in the Northern Beaches LGA is low at 1,499 incidents per 100,000 population.
From an investment perspective, Scotland Island offers a gross rental yield of 4.5%, rated as moderate yield. Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 12.3x is considered stretched. House prices have moved +9.8% year-on-year.