Located in New South Wales within the Mid-Coast local government area, Smiths Lake is a small locality (postcode 2428). The area has roughly 1,332 residents and an older-leaning population, with a median age of 49. Households earn a median income of $63K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% 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 professionals, technicians & trades, community & personal service. Employment in the area leans toward construction and healthcare. The top ancestries reported are English, Australian, Irish.
Smiths Lake has a median house price of $899,000, which has risen solidly by 9.1% year-on-year. Units have a median price of $330,000 (+2.3% YoY). The current median weekly rent is $528. This gives a gross rental yield of approximately 3.1%. 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 3,779 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 3.1%, which reads as moderate yield. Property prices sit below the state median ($899K/$1.5M), which can point to relative value. The price-to-income ratio of 14.3x is considered stretched. House prices have moved +9.1% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.