Whitebridge is a smaller suburb in New South Wales within the Lake Macquarie local government area (postcode 2290). With a population of 2,900, the suburb has an established demographic with a median age of 40. Households earn a median income of $107K per year, with an average household size of 2.6 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are Australian, English, Scottish.
The median house price in Whitebridge is $1.1 million, having dropped significantly 16% over the past year. Units have a median price of $905,000 (+7.1% YoY). The current median weekly rent is $695. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $2,167.
Whitebridge is served by 1 school, including 1 secondary. The average ICSEA score is 1022, which is around the national average of 1,000. Public transport access includes 1 rail station, 24 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, Whitebridge offers a gross rental yield of 3.4%, rated as moderate yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 10.0x is considered stretched. House prices have moved -16.0% year-on-year.
Whitebridge is a smaller suburb in New South Wales within the Lake Macquarie local government area (postcode 2290). With a population of 2,900, the suburb has an established demographic with a median age of 40. Households earn a median income of $107K per year, with an average household size of 2.6 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are Australian, English, Scottish.
The median house price in Whitebridge is $1.1 million, having dropped significantly 16% over the past year. Units have a median price of $905,000 (+7.1% YoY). The current median weekly rent is $695. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $2,167.
Whitebridge is served by 1 school, including 1 secondary. The average ICSEA score is 1022, which is around the national average of 1,000. Public transport access includes 1 rail station, 24 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, Whitebridge offers a gross rental yield of 3.4%, rated as moderate yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 10.0x is considered stretched. House prices have moved -16.0% year-on-year.