Wakefield is a quiet locality in New South Wales within the Lake Macquarie local government area (postcode 2278). With a population of 144, the suburb has an established demographic with a median age of 40. Households earn a median income of $119K per year, with an average household size of 3.2 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Aboriginal Australian.
The median house price in Wakefield is $1.7 million, having dropped significantly 10.4% over the past year. The current median weekly rent is $565. This gives a gross rental yield of approximately 1.7%. The median monthly mortgage repayment is $2,600.
Wakefield is served by 1 school, including 1 special. The average ICSEA score is 869, which is well below the national average of 1,000. Public transport access includes 3 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, Wakefield offers a gross rental yield of 1.7%, rated as low yield. Property prices are near the state median ($1.7M/$1.5M). The price-to-income ratio of 14.5x is considered stretched. House prices have moved -10.4% year-on-year.
Wakefield is a quiet locality in New South Wales within the Lake Macquarie local government area (postcode 2278). With a population of 144, the suburb has an established demographic with a median age of 40. Households earn a median income of $119K per year, with an average household size of 3.2 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Aboriginal Australian.
The median house price in Wakefield is $1.7 million, having dropped significantly 10.4% over the past year. The current median weekly rent is $565. This gives a gross rental yield of approximately 1.7%. The median monthly mortgage repayment is $2,600.
Wakefield is served by 1 school, including 1 special. The average ICSEA score is 869, which is well below the national average of 1,000. Public transport access includes 3 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, Wakefield offers a gross rental yield of 1.7%, rated as low yield. Property prices are near the state median ($1.7M/$1.5M). The price-to-income ratio of 14.5x is considered stretched. House prices have moved -10.4% year-on-year.