Speers Point
With 40.1% of dwellings owned outright and a median age of 45, which is 5 years above the national figure, Speers Point reads as a suburb of long-settled, debt-free homeowners rather than a transient rental market. The median house price of $1,017,500 sits well above the national average, yet only 23.1% of residents rent and 80% of dwellings are separate houses. Healthcare and Education together account for 34.9% of employed residents, an unusually service-sector-heavy workforce for a suburb of 3,400 people. Household income lands in the 62nd percentile nationally, meaning the suburb is comfortably middle-to-upper-middle income without reaching the premium tier.
Population
3,400
Median Age
45.0
Household IncomeiMedian weekly household income (ABS Census)
$1,766/wk
DAs (12 months)iDevelopment Applications lodged in the past year
80
Median House
$1.0M
2024-2025 (PSI derived)
The median house price of $1,017,500 reflects a market that rose from $1,000,000 in 2024 to $1,045,000 in 2025, a 4.5% gain in one year. Separate houses dominate at 80% of stock, and 33.9% of those have four or more bedrooms, making Speers Point a realistic target for families who need space. Semi-detached dwellings account for 16.2%, with apartments a minor 3.4%. Monthly mortgage repayments average $2,167, producing a mortgage-to-income ratio of 28.3%, which stays below the 30% stress threshold. Outright ownership at 40.1% outpaces the proportion carrying a mortgage at 36.7%, signalling a mature owner base where established equity is the norm rather than recent speculative buying.
For Buyers
The median house price of $1,017,500 reflects a market that rose from $1,000,000 in 2024 to $1,045,000 in 2025, a 4.5% gain in one year. Separate houses dominate at 80% of stock, and 33.9% of those have four or more bedrooms, making Speers Point a realistic target for families who need space. Semi-detached dwellings account for 16.2%, with apartments a minor 3.4%. Monthly mortgage repayments average $2,167, producing a mortgage-to-income ratio of 28.3%, which stays below the 30% stress threshold. Outright ownership at 40.1% outpaces the proportion carrying a mortgage at 36.7%, signalling a mature owner base where established equity is the norm rather than recent speculative buying.
For Investors
At 23.1% renter share, Speers Point sits below the national average, limiting the depth of the tenant pool compared to higher-density suburbs. Weekly rent of $393 against a $1,017,500 median implies a gross yield near 2.0%, which is below typical yield expectations for the Hunter and Lake Macquarie region. The vacancy rate of 7.4% is elevated, suggesting supply exceeds current rental demand. On the positive side, 76 development applications were lodged in the past 12 months, indicating active reinvestment in the housing stock. Price growth of 4.5% over the year to 2025 shows the market is moving, though investors should note that the owner-dominated tenure structure means rental-focused returns are a secondary story here.
Development Activity
Total DAs
407
Last 12 Months
80
YoY ChangeiYear-over-year change in DA lodgements
-14.0%
Avg DA CostiAverage estimated cost per DA in the past year
N/A
Monthly DA Lodgements
DA Categories
Schools in Speers Point iICSEA: school advantage index. 1000 = national avg, higher = more advantaged
Speers Point Public School
K-6 · 256 students
Demographics
The median age of 45 is 5.0 years above the national figure, placing Speers Point firmly in the older-resident category. Overseas-born residents account for 12.4%, which is 9.2 percentage points below the national average, reflecting a predominantly locally-born population. Ancestry is strongly Anglo-Celtic: English leads at 1,466 residents, followed by Irish (456) and Scottish (424). University qualifications reach 32.3%, which is 2.2 percentage points above the national level, suggesting a modestly better-educated workforce than the national baseline. Average household size of 2.4 is slightly below the national average, consistent with the older age profile and the 30.7% share of families who are couples without children.
Age Distribution
Bedrooms
Dwelling Structure
80.0%
Houses
16.2%
Townhouse
3.4%
Apartment
Tenure
Tenure is weighted heavily toward ownership: 40.1% own outright and 36.7% hold a mortgage, leaving just 23.1% renting, well below the national average. The stock is 80% separate houses and 16.2% semi-detached, with apartments at only 3.4%, meaning this is essentially a detached-house suburb with almost no high-density supply. Four-plus bedroom homes make up 33.9% of dwellings and three-bedroom 42.8%, so large family-sized homes are the norm. The price-to-annual-income ratio at the $1,017,500 median versus median household income of roughly $91,832 annually sits around 11x, above what most owner-occupiers would find comfortable without prior equity. Rent-to-income at 22.3% keeps renters below the stress threshold.
Median House Price Trend
Source: State Valuer-General
Mortgage / mo
$2,167
Rent / wk
$393
HH Size
2.4
Personal Income / wk
$851
Vacancy Ratei% of dwellings unoccupied on Census night (ABS 2021)
7.4%
Unoccupied
107
Rent / IncomeiMedian rent as % of household income. Over 30% = housing stress
22.3%
Mortgage / IncomeiMedian mortgage as % of household income. Over 30% = housing stress
28.3%
Community Profile
Languages Spoken at Home
Ancestry
Household Composition
30.7%
Couples, no children
2,706
Total families
Economy & Employment
Healthcare is the dominant employer at 22.6% of workers (267 people), more than double the share of any other sector, which is above the national industry average and suggests proximity to Lake Macquarie hospital services drives local employment. Education follows at 12.3% (146 workers) and Construction at 11.3% (134 workers). By occupation, Professionals lead at 422, Clerical/Admin at 224 and Managers at 220. The unemployment rate of 4.0% is modest, with 61.9% of employed residents working full-time. Participation rate of 55.6% is below the national figure, which is consistent with the older age structure leaving 1,018 residents not in the labour force. Household income in the 62nd percentile nationally reflects a workforce concentrated in stable public-sector-adjacent roles.
Socio-Economic Indexes (SEIFA)iABS index ranking suburbs from 1 (most disadvantaged) to 10 (most advantaged)
Full-time
61.9%
Part-time
34.1%
Participation
55.6%
Employed
1,518
Occupations
Top Industries
University
32.3%
Postgraduate
7.6%
Born Overseas
12.4%
Dwellings
1,354
Transport to Work
Car dependency is very high: 92.3% of residents drive to work, compared to the national average, while only 1.0% use public transport and 1.8% walk or cycle. This reflects the suburban Lake Macquarie geography where public transport options are limited compared to Sydney. The volunteering rate of 13.6% is a signal of civic engagement above typical urban norms. Housing stress is contained: rent-to-income at 22.3% and mortgage-to-income at 28.3% both sit below stress thresholds. About 5.9% of residents (194 people) need daily assistance, which is moderate given the older median age of 45. No schools are recorded inside the suburb boundary in this dataset, so families rely on schools in neighbouring suburbs such as Cardiff, Warners Bay or Boolaroo.
Drive
92.3%
Public Transport
1.0%
Walk / Cycle
1.8%
Work from Home
N/A
National Ranking iPercentile rank among ~15,000 AU suburbs. 90% = higher than 90% of suburbs
How Speers Point compares to ~15,000 Australian suburbs
Frequently Asked Questions
Is Speers Point a good suburb to live in?
Speers Point suits owner-occupiers and families well. Some 40.1% of dwellings are owned outright, and the median age of 45 is 5 years above the national figure, reflecting a stable, established community. Mortgage-to-income sits at 28.3%, below the 30% stress threshold. The main trade-off is high car dependency, with 92.3% of residents driving to work.
What is the median house price in Speers Point?
The median house price is $1,017,500, based on PSI-derived data for 2024-2025. Prices rose from $1,000,000 in 2024 to $1,045,000 in 2025, a 4.5% annual gain. Monthly mortgage repayments average $2,167, giving a mortgage-to-income ratio of 28.3%, which stays below the stress threshold.
What schools are in Speers Point?
No schools are recorded inside the Speers Point boundary in this dataset. Families typically access schools in nearby suburbs such as Cardiff, Warners Bay or Boolaroo. The suburb's university qualification rate of 32.3% is 2.2 percentage points above the national average, suggesting residents value education and are willing to travel for school access.
Is Speers Point safe?
Detailed crime statistics are not available for Speers Point in this dataset. As indirect indicators, housing stress is low (mortgage-to-income 28.3%, rent-to-income 22.3%), unemployment sits at 4.0%, and residential stability is high with 78.1% of residents staying in place, all consistent with a settled, low-disadvantage suburb.
Is Speers Point good for property investment?
The investment case is moderate. Weekly rent of $393 against a $1,017,500 median implies a gross yield near 2.0%, below typical regional targets. Vacancy at 7.4% is elevated. Price growth of 4.5% year-on-year to 2025 is positive, and 76 development applications in 12 months show active reinvestment. The market skews toward owner-occupiers, which underpins prices but limits rental depth.
How is Speers Point's population changing?
Speers Point has a population of around 3,400 with a stay-rate of 78.1%, meaning only 21.9% of residents moved in the prior period. The median age of 45 is 5 years above the national figure, and the suburb's identity signals point toward an aging, stable resident base. Development activity of 76 applications in 12 months focuses on alterations rather than new dwellings, suggesting organic renewal rather than expansion.
How much development is happening in Speers Point?
There were 76 development applications lodged in the past 12 months. Recent applications include dwelling alterations, new garages and carports, consistent with an established suburb where residents upgrade existing homes rather than build new ones. This level of activity suggests confidence in property values without the disruption of large-scale new supply.
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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