Lake George (postcode 2581) is a sparsely populated locality in New South Wales within the Queanbeyan-Palerang Regional local government area. It is home to about 118 residents, with an older-leaning population and a median age of 46. Households earn a median income of $195K per year, with an average household size of 2.7 people. NSW employment has moved +1.2% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. NSW also had 35 Commonwealth-backed major projects under construction, 17 underway, and 67 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, community & personal service. Employment in the area leans toward public admin & safety and professional services. The top ancestries reported are Australian, English, Irish.
Median house prices in Lake George stand at $1.3 million, having dropped significantly by 38.1% over the last twelve months. The current median weekly rent is $625. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $3,040.
Public transport access includes 4 bus stops. The crime rate in the Queanbeyan-Palerang Regional LGA is below average at 2,419 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 2.5%, which reads as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 6.7x is considered moderate. House prices have moved -38.1% year-on-year.