Tomago is a quiet locality in New South Wales within the Port Stephens local government area (postcode 2322). With a population of 269, the suburb has an older demographic with a median age of 60. Households earn a median income of $41K per year, with an average household size of 1.7 people. The most common occupations are labourers, technicians & trades, machinery operators & drivers. The top ancestries reported are English, Australian, Scottish.
The median house price in Tomago is $3.4 million, having surged 20.4% over the past year. Units have a median price of $780,000 (+13.9% YoY). The current median weekly rent is $670. This gives a gross rental yield of approximately 1.0%. The median monthly mortgage repayment is $2,297.
Public transport access includes 6 bus stops. The crime rate in the Port Stephens LGA is below average at 3,106 incidents per 100,000 population.
From an investment perspective, Tomago offers a gross rental yield of 1.0%, rated as low yield. Property prices are above the state median ($3.4M/$1.5M), placing it in the premium segment. The price-to-income ratio of 83.0x is considered stretched. House prices have moved +20.4% year-on-year.
Tomago is a quiet locality in New South Wales within the Port Stephens local government area (postcode 2322). With a population of 269, the suburb has an older demographic with a median age of 60. Households earn a median income of $41K per year, with an average household size of 1.7 people. The most common occupations are labourers, technicians & trades, machinery operators & drivers. The top ancestries reported are English, Australian, Scottish.
The median house price in Tomago is $3.4 million, having surged 20.4% over the past year. Units have a median price of $780,000 (+13.9% YoY). The current median weekly rent is $670. This gives a gross rental yield of approximately 1.0%. The median monthly mortgage repayment is $2,297.
Public transport access includes 6 bus stops. The crime rate in the Port Stephens LGA is below average at 3,106 incidents per 100,000 population.
From an investment perspective, Tomago offers a gross rental yield of 1.0%, rated as low yield. Property prices are above the state median ($3.4M/$1.5M), placing it in the premium segment. The price-to-income ratio of 83.0x is considered stretched. House prices have moved +20.4% year-on-year.