Smiths Lake is a small community in New South Wales within the Mid-Coast local government area (postcode 2428). With a population of 1,332, the suburb has a mature demographic with a median age of 49. Households earn a median income of $63K per year, with an average household size of 2.3 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Smiths Lake is $726,000, having dropped significantly 12.1% over the past year. Units have a median price of $465,000 (+6.2% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $1,473.
Public transport access includes 29 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,753 incidents per 100,000 population.
From an investment perspective, Smiths Lake offers a gross rental yield of 3.6%, rated as moderate yield. Property prices sit below the state median ($726K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 11.5x is considered stretched. House prices have moved -12.1% year-on-year.
Smiths Lake is a small community in New South Wales within the Mid-Coast local government area (postcode 2428). With a population of 1,332, the suburb has a mature demographic with a median age of 49. Households earn a median income of $63K per year, with an average household size of 2.3 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Smiths Lake is $726,000, having dropped significantly 12.1% over the past year. Units have a median price of $465,000 (+6.2% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $1,473.
Public transport access includes 29 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,753 incidents per 100,000 population.
From an investment perspective, Smiths Lake offers a gross rental yield of 3.6%, rated as moderate yield. Property prices sit below the state median ($726K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 11.5x is considered stretched. House prices have moved -12.1% year-on-year.