Tingira Heights is a smaller suburb in New South Wales within the Lake Macquarie local government area (postcode 2290). With a population of 2,043, the suburb has an established demographic with a median age of 40. Households earn a median income of $101K per year, with an average household size of 2.7 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are Australian, English, Scottish.
The median house price in Tingira Heights is $598,000, having dropped significantly 30.9% over the past year. Units have a median price of $719,000 (+8.9% YoY). The current median weekly rent is $695. This gives a gross rental yield of approximately 6.0%. The median monthly mortgage repayment is $1,887.
Public transport access includes 14 bus stops. The crime rate in the Lake Macquarie LGA is below average at 3,396 incidents per 100,000 population.
From an investment perspective, Tingira Heights offers a gross rental yield of 6.0%, rated as high yield. Property prices sit below the state median ($598K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.9x is considered affordable. House prices have moved -30.9% year-on-year.
Tingira Heights is a smaller suburb in New South Wales within the Lake Macquarie local government area (postcode 2290). With a population of 2,043, the suburb has an established demographic with a median age of 40. Households earn a median income of $101K per year, with an average household size of 2.7 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are Australian, English, Scottish.
The median house price in Tingira Heights is $598,000, having dropped significantly 30.9% over the past year. Units have a median price of $719,000 (+8.9% YoY). The current median weekly rent is $695. This gives a gross rental yield of approximately 6.0%. The median monthly mortgage repayment is $1,887.
Public transport access includes 14 bus stops. The crime rate in the Lake Macquarie LGA is below average at 3,396 incidents per 100,000 population.
From an investment perspective, Tingira Heights offers a gross rental yield of 6.0%, rated as high yield. Property prices sit below the state median ($598K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.9x is considered affordable. House prices have moved -30.9% year-on-year.