Morisset Park
With a median house price above $1 million and 96.1% of dwellings being separate houses, Morisset Park sits firmly in detached-home territory on the western shore of Lake Macquarie. The suburb's 1,085 residents live at a density of 1,142 people per km2 across just 0.95 km2, producing an intimate footprint. Household income sits in the 67.2nd percentile nationally, comfortably above average, yet a 10.9% vacancy rate signals more supply than current demand can absorb. Family formation is strong, with 65.2% of dwellings having four or more bedrooms and average household size of 2.9, above the national figure.
Population
1,085
Median Age
38.0
Household IncomeiMedian weekly household income (ABS Census)
$1,858/wk
DAs (12 months)iDevelopment Applications lodged in the past year
13
Median House
$1.0M
2024-2025 (PSI derived)
The median house price of $1,007,500 has risen 7.4% from $950,000 in 2024 to $1,020,000 in 2025, tracking above inflation and reflecting sustained demand in the Lake Macquarie corridor. The stock is almost entirely separate houses at 96.1%, with just 3.9% semi-detached and no apartments recorded, which means buyers face limited substitution options. Oversized homes dominate: 65.2% of dwellings have four or more bedrooms, well above typical suburban splits. Monthly mortgage repayments average $2,029, producing a mortgage-to-income ratio of 25.2%, below the 30% stress threshold and lower than many comparable NSW coastal markets. Outright owners at 35.1% outnumber mortgage holders at 31.0%, suggesting a settled, financially stable owner base.
For Buyers
The median house price of $1,007,500 has risen 7.4% from $950,000 in 2024 to $1,020,000 in 2025, tracking above inflation and reflecting sustained demand in the Lake Macquarie corridor. The stock is almost entirely separate houses at 96.1%, with just 3.9% semi-detached and no apartments recorded, which means buyers face limited substitution options. Oversized homes dominate: 65.2% of dwellings have four or more bedrooms, well above typical suburban splits. Monthly mortgage repayments average $2,029, producing a mortgage-to-income ratio of 25.2%, below the 30% stress threshold and lower than many comparable NSW coastal markets. Outright owners at 35.1% outnumber mortgage holders at 31.0%, suggesting a settled, financially stable owner base.
For Investors
Morisset Park's 10.9% vacancy rate is a clear caution for investors, signalling that supply exceeds demand at the current rent level of $480 per week. Against a $1,007,500 median, that rent implies a gross yield of roughly 2.5%, low for a regional market where higher yields are the usual draw. Renters make up 33.9% of households, providing a tenant pool, and rent-to-income sits at 25.8%, which keeps renters financially stable. Only 13 development applications were lodged in the past 12 months, covering alterations and pool additions rather than new dwellings, so supply pressure from construction is minimal. Price momentum of 7.4% over one year is the strongest positive signal, though one-year data has limited predictive weight.
Development Activity
Total DAs
156
Last 12 Months
13
YoY ChangeiYear-over-year change in DA lodgements
-43.5%
Avg DA CostiAverage estimated cost per DA in the past year
N/A
Monthly DA Lodgements
DA Categories
Demographics
The median age of 38 is two years below the national figure, skewing slightly younger than average, which aligns with the high share of family-sized dwellings and 37.1% couples with children among the 934 recorded families. Couples without children account for 28.4% of families. The overseas-born share at 12.6% is 9.0 percentage points below the national figure, one of the clearest indicators that Morisset Park has an Anglo-leaning, locally rooted population. Ancestry confirms this: English (494 residents), Irish (122) and Scottish (113) lead. University qualifications at 24.4% sit 5.7 percentage points below the national rate, consistent with a predominantly trade and service-sector workforce. Average household size of 2.9 is 0.4 above national, reinforcing the family-heavy composition.
Age Distribution
Bedrooms
Dwelling Structure
96.1%
Houses
3.9%
Townhouse
N/A
Apartment
Tenure
The price history shows steady appreciation: from $950,000 in 2024 to $1,020,000 in 2025, a 7.4% one-year gain. The tenure split of 35.1% outright owners, 31.0% mortgagees and 33.9% renters is relatively balanced compared to many outer-suburban markets. Separate houses account for 96.1% of stock, with semi-detached at 3.9% and no apartment supply, making this one of the more uniform dwelling markets in NSW. The dominant bedroom profile of 65.2% four-plus bedrooms signals homes built for families rather than downsizers or singles. Mortgage-to-income at 25.2% and rent-to-income at 25.8% both sit below the 30% stress threshold, meaning housing costs are manageable relative to local incomes at the 67.2nd percentile nationally.
Median House Price Trend
Source: State Valuer-General
Mortgage / mo
$2,029
Rent / wk
$480
HH Size
2.9
Personal Income / wk
$794
Vacancy Ratei% of dwellings unoccupied on Census night (ABS 2021)
10.9%
Unoccupied
44
Rent / IncomeiMedian rent as % of household income. Over 30% = housing stress
25.8%
Mortgage / IncomeiMedian mortgage as % of household income. Over 30% = housing stress
25.2%
Community Profile
Ancestry
Household Composition
28.4%
Couples, no children
934
Total families
Economy & Employment
Healthcare is the largest employer at 19.8% of workers (62 people), followed by Construction at 13.7% (43) and Education at 12.5% (39). This mix of healthcare, construction and education is common in peri-urban NSW markets and reflects proximity to Lake Macquarie and Hunter Valley service centres. Professionals top the occupation rankings at 90 workers, ahead of Managers (69) and Clerical/Admin staff (65). The unemployment rate of 4.7% sits modestly above the national headline, while the full-time employment rate of 65.3% is solid. The participation rate of 52.9% is below average, with 325 residents not in the labour force, a share that partly reflects the family structure where one partner manages childcare. Weekly household income of $1,858 exceeds the national median, placing residents in the 67.2nd percentile.
Socio-Economic Indexes (SEIFA)iABS index ranking suburbs from 1 (most disadvantaged) to 10 (most advantaged)
Full-time
65.3%
Part-time
30.0%
Participation
52.9%
Employed
426
Occupations
Top Industries
University
24.4%
Postgraduate
6.1%
Born Overseas
12.6%
Dwellings
360
Transport to Work
Car dependence is near-total at 95.4% of commuters driving, above the national average, which is typical for a low-density lakeside suburb without a heavy rail station directly within its 0.95 km2 boundary. No schools are recorded within the suburb boundary, so families rely on institutions in neighbouring Morisset and surrounding Lake Macquarie suburbs. The volunteering rate of 16.8% signals moderate community engagement. Need-for-assistance at 6.0% (62 residents) is in line with average for a working-age suburb. Housing stress is absent: mortgage-to-income at 25.2% and rent-to-income at 25.8% both sit below the 30% threshold, lower than many comparable NSW markets. The largely owner-occupied, family-dominated character produces a stable residential environment, even if amenities depend on nearby centres.
Drive
95.4%
Public Transport
N/A
Walk / Cycle
N/A
Work from Home
N/A
National Ranking iPercentile rank among ~15,000 AU suburbs. 90% = higher than 90% of suburbs
How Morisset Park compares to ~15,000 Australian suburbs
Frequently Asked Questions
Is Morisset Park a good suburb to live in?
Morisset Park suits families seeking large detached homes at relatively affordable mortgage costs. Household income sits in the 67.2nd percentile nationally, and mortgage-to-income at 25.2% is below the 30% stress threshold. The trade-off is near-total car dependence at 95.4% of commuters and limited on-site amenities, requiring travel to neighbouring centres.
What is the median house price in Morisset Park?
The median house price is $1,007,500, up 7.4% from $950,000 in 2024 to $1,020,000 in 2025. Monthly mortgage repayments average $2,029, producing a mortgage-to-income ratio of 25.2%, which is below the 30% stress level common in higher-cost NSW markets.
What schools are in Morisset Park?
No schools are recorded within the Morisset Park boundary in this dataset. The suburb covers only 0.95 km2 and families rely on schools in neighbouring Morisset and surrounding Lake Macquarie suburbs. University qualifications among residents stand at 24.4%, which is 5.7 percentage points below the national rate.
Is Morisset Park safe?
Crime statistics are not available for Morisset Park in this dataset. As a broader indicator, housing stress is low with mortgage-to-income at 25.2% and rent-to-income at 25.8%, both below the 30% threshold. The suburb's 66.4% resident retention rate also suggests a settled population rather than high-churn instability.
Is Morisset Park good for property investment?
The 10.9% vacancy rate is the main concern for investors, indicating more supply than current demand at $480 weekly rent. Gross yield is roughly 2.5% against a $1,007,500 median, low for a regional market. Price growth of 7.4% over one year is positive, but a single data point limits confidence in the long-term trajectory.
How is Morisset Park's population changing?
Morisset Park has a population of 1,085 across just 0.95 km2, giving a density of 1,142 per km2. The resident turnover rate of 33.6% means roughly one in three households changed in the reference period, above average for an established suburb. The small footprint leaves limited scope for significant population expansion through new development, with only 13 applications lodged in the past 12 months.
How to read these comparisons
Phrases like "above the national average" reference the unweighted median across Australian suburbs with more than 1,000 residents, not population-weighted national figures. Suburb-level medians are more useful for ranking suburbs against each other; ABS census headlines are population-weighted (so dominated by Sydney and Melbourne) and can read very differently.
Current baseline (refreshed 2026-05-10): median age 40, university-educated 30.1%, born overseas 21.6%, average household size 2.5 people.
Data sources: ABS 2021 Census (demographics, income, tenure), state Valuer-General (house prices), Department of Jobs SALM (unemployment), ACARA (school ICSEA), state Crime Statistics agencies (offences), council DA portals (development applications). Population forecasts use a Hamilton-Perry cohort model calibrated to ABS ERP.
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