Local Insights:
Warners Bay / Lake Macquarie

It’s no surprise that the lifestyle and landscapes surrounding the beautiful Lake Macquarie are a major drawcard for prospective buyers. Lake Macquarie is four-and-a-half times the size of Sydney Harbour, and recognised as Australia’s largest coastal saltwater lake.

The lake has 174 kilometers of foreshore providing little sandy lake beaches, hidden coves and secluded bays. The suburbs surrounding the lake include Eleebana, Lakelands, Speers Point, Valentine, Warners Bay and Boolaroo.

Locals love the fact they can sit down for a coffee at a Warner’s Bay cafe, enjoy a walk or ride along the lakeside pathways, take the kids to one of the many local parks or get out on the water, but also have the convenience of being close to schools and other services.

Buyers in the Lake Macquarie area include aging owners who love where they live and want to downsize, yet remain in their chosen suburbs. With a number of larger developments occurring over the last five years, this has given the buyers the opportunity to purchase an apartment or townhouse.

Other buyers include families looking to upsize, and the past few years has seen many out-oftowners moving into the area having reevaluated their lifestyles and surroundings.

The highest recent median house price in this area was in Eleebana at $1.25 million, while the average cost of an apartment ranges from $761,000 in Warners Bay to $987,000 in Speers Point. The best return on investment for houses in Warners Bay was 3.38%, and 5.49% for units in Speers Point.