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Empire Bay, NSW 2257
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,280,000
market range $1.3M-$1.3M
Median Unit
$990,000
list-price estimate
Gross Yield (houses)
3.0%
1yr Growth (houses)
+4.7%
market range +0.0% to +17.5%
Investment snapshot for Empire Bay
Empire Bay has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Empire Bay market and investor summary
Empire Bay (NSW 2257) runs a median house price of $1.3M, with houses yielding a gross 3.0%. House prices have moved +4.7% over the past year and +9.6% over three years. At 2.1% vacancy, it is a broadly balanced rental market.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.0% will not cover holding costs in the early years, so the case leans on price appreciation.
Living in Empire Bay: people, income and schools
Empire Bay is home to around 2,522 people, a number that has held fairly steady over five years. The median age is 42, skewed a little older, and 80% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $98,000 a year, or roughly $1,880 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (5 out of 10). At current prices a median house runs to a steep 13.1 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 39% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
There are 13 schools within about 5km, testing a little above the national school average on ICSEA. It is roughly 44 km from the CBD. It is fairly car-dependent; the suburb scores 15 for walkability and 23 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 2,522
- +1% over 5yr
- Median age
- 42 years
- Median household income
- $98,000/yr
- Households renting
- 17%
- Family households
- 79%
- Socio-economic rank
- 5/10
- ABS advantage index
- Schools within 5km
- 13
- avg ICSEA 1035
- Unemployment
- 3.9%
- Distance to CBD
- 44 km
- Walk score
- 15/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Empire Bay
View all →Frequently asked questions about Empire Bay
What should I check before investing in Empire Bay?
Empire Bay has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +4.7% in the past year shows positive recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Empire Bay?
The median property price in Empire Bay, NSW 2257 is $1.3M for houses.
What rental yield does Empire Bay show?
The gross rental yield in Empire Bay is 3.0% for houses and 3.6% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Empire Bay?
House prices in Empire Bay are up 4.7% over the past year and up 9.6% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Empire Bay?
The current vacancy rate in Empire Bay is 2.1%. A rate under 2% generally signals a tight rental market. This suburb's rental market is balanced, favouring neither landlords nor tenants strongly.
How many people live in Empire Bay?
Empire Bay has a population of approximately 2,522 residents, with a median age of 42.
What schools are near Empire Bay?
There are 13 schools within roughly 5km of Empire Bay. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Empire Bay affordable to buy in?
A median house in Empire Bay costs about 13.1 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Empire Bay's population growing?
The population of Empire Bay has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Empire Bay from the CBD?
Empire Bay is about 44 km from the CBD.
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