Summerland Point is a smaller suburb in New South Wales within the Central Coast (NSW) local government area (postcode 2259). With a population of 2,708, the suburb has a mature demographic with a median age of 48. Households earn a median income of $68K per year, with an average household size of 2.5 people. The most common occupations are technicians & trades, community & personal service, professionals. The top ancestries reported are English, Australian, Scottish.
The median house price in Summerland Point is $991,000, having surged 16.6% over the past year. Units have a median price of $630,000 (+26.8% YoY). The current median weekly rent is $660. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $1,730.
Public transport access includes 14 bus stops. The crime rate in the Central Coast (NSW) LGA is below average at 3,528 incidents per 100,000 population.
From an investment perspective, Summerland Point offers a gross rental yield of 3.5%, rated as moderate yield. Property prices sit below the state median ($991K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 14.5x is considered stretched. House prices have moved +16.6% year-on-year.
Summerland Point is a smaller suburb in New South Wales within the Central Coast (NSW) local government area (postcode 2259). With a population of 2,708, the suburb has a mature demographic with a median age of 48. Households earn a median income of $68K per year, with an average household size of 2.5 people. The most common occupations are technicians & trades, community & personal service, professionals. The top ancestries reported are English, Australian, Scottish.
The median house price in Summerland Point is $991,000, having surged 16.6% over the past year. Units have a median price of $630,000 (+26.8% YoY). The current median weekly rent is $660. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $1,730.
Public transport access includes 14 bus stops. The crime rate in the Central Coast (NSW) LGA is below average at 3,528 incidents per 100,000 population.
From an investment perspective, Summerland Point offers a gross rental yield of 3.5%, rated as moderate yield. Property prices sit below the state median ($991K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 14.5x is considered stretched. House prices have moved +16.6% year-on-year.