Wakefield (postcode 2278) is a small, quiet locality in New South Wales within the Lake Macquarie local government area. It is home to about 144 residents, with an established demographic and a median age of 40. Households earn a median income of $119K per year, with an average household size of 3.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.1% year-on-year at the LGA level. 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 healthcare and education. The top ancestries reported are English, Australian, Aboriginal Australian.
Wakefield has a median house price of $1.7 million, which has declined steeply by 11.7% year-on-year. The current median weekly rent is $750. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $2,600.
Wakefield is served by 1 school, including 1 special. The average ICSEA score is 869, which is well below the national average of 1,000. Public transport access includes 3 bus stops. The crime rate in the Lake Macquarie LGA is below average at 3,402 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 2.3%, which reads as low yield. Property prices are near the state median ($1.7M/$1.5M). The price-to-income ratio of 14.3x is considered stretched. House prices have moved -11.7% year-on-year. Population growth of +1.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.