Woodrising is a small community in New South Wales within the Lake Macquarie local government area (postcode 2284). With a population of 1,176, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $85K per year, with an average household size of 2.8 people. The most common occupations are technicians & trades, community & personal service, clerical & administrative. The top ancestries reported are Australian, English, Scottish.
The median house price in Woodrising is $925,000, having surged 17% over the past year. Units have a median price of $700,000 (+7.7% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $1,570.
Public transport access includes 6 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, Woodrising offers a gross rental yield of 3.5%, rated as moderate yield. Property prices sit below the state median ($925K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.9x is considered stretched. House prices have moved +17.0% year-on-year.
Woodrising is a small community in New South Wales within the Lake Macquarie local government area (postcode 2284). With a population of 1,176, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $85K per year, with an average household size of 2.8 people. The most common occupations are technicians & trades, community & personal service, clerical & administrative. The top ancestries reported are Australian, English, Scottish.
The median house price in Woodrising is $925,000, having surged 17% over the past year. Units have a median price of $700,000 (+7.7% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $1,570.
Public transport access includes 6 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, Woodrising offers a gross rental yield of 3.5%, rated as moderate yield. Property prices sit below the state median ($925K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.9x is considered stretched. House prices have moved +17.0% year-on-year.