Wyee Point is a small community in New South Wales within the Lake Macquarie local government area (postcode 2259). With a population of 1,171, the suburb has an established demographic with a median age of 43. Households earn a median income of $88K per year, with an average household size of 2.9 people. The most common occupations are technicians & trades, professionals, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Wyee Point is $520,000, having dropped significantly 44.1% over the past year. Units have a median price of $740,000 (+5.7% YoY). The current median weekly rent is $660. This gives a gross rental yield of approximately 6.6%. The median monthly mortgage repayment is $2,167.
Public transport access includes 1 rail station, 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, Wyee Point offers a gross rental yield of 6.6%, rated as high yield. Property prices sit below the state median ($520K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.9x is considered affordable. House prices have moved -44.1% year-on-year.
Wyee Point is a small community in New South Wales within the Lake Macquarie local government area (postcode 2259). With a population of 1,171, the suburb has an established demographic with a median age of 43. Households earn a median income of $88K per year, with an average household size of 2.9 people. The most common occupations are technicians & trades, professionals, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Wyee Point is $520,000, having dropped significantly 44.1% over the past year. Units have a median price of $740,000 (+5.7% YoY). The current median weekly rent is $660. This gives a gross rental yield of approximately 6.6%. The median monthly mortgage repayment is $2,167.
Public transport access includes 1 rail station, 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, Wyee Point offers a gross rental yield of 6.6%, rated as high yield. Property prices sit below the state median ($520K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.9x is considered affordable. House prices have moved -44.1% year-on-year.