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Crangan Bay

POSTAL CODE: NSW, 2259
HOUSE

CRANGAN BAY, 2259 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Investors saw the median home price rise to $900,000.

Profits due to an upward trend in home prices in the suburb averaged 22.98% per annum over a 3-year period.

CRANGAN BAY now ranks at the th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in CRANGAN BAY are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $890 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In CRANGAN BAY, homes and units usually stay on listing for an average of 95.3 days.

In 2016, 31 properties were sold in CRANGAN BAY during the past year, making it the 670th most active market in NSW based on total real estate transactions.

Surburb overview

Crangan Bay, postcode 2259, is a developing suburb on the Central Coast of New South Wales, located about 120 kilometres north of Sydney CBD and around 48 kilometres north-east of Gosford CBD. It falls within the Central Coast Council local government area. It is situated on the southern shoreline of Lake Macquarie, bordered by Chain Valley Bay, Catherine Hill Bay, and the Munmorah State Conservation Area. The suburb is notable for its extensive areas of bushland and wetlands, as well as recent residential development.

The population of Crangan Bay is currently tiny, with fewer than 100 residents recorded in the latest census; however, this figure is expected to grow as new housing estates are completed. The suburb’s demographic profile is shaped by its emerging status, attracting families and individuals seeking newer homes within reach of both the Central Coast and Lake Macquarie regions. Housing consists primarily of newly built detached dwellings on residential lots, alongside undeveloped land and natural reserves.

Public transport in Crangan Bay is limited, though Busways services operate in nearby suburbs such as Chain Valley Bay and Lake Munmorah. The nearest railway station is Wyee, located approximately 12 kilometres west, offering regular services to Sydney and Newcastle. Road access is available via the Pacific Highway, which connects the suburb to Swansea, Wyong and the broader Central Coast.

Essential establishments within Crangan Bay itself are minimal, reflecting its developing nature. Residents access shops, schools, and health services in surrounding suburbs, with Lake Munmorah and Lake Haven offering supermarkets, schools, and community facilities. Larger retail centres, including Westfield Tuggerah, are within a 30-minute drive. Healthcare services are available at Wyong Hospital and local medical practices.

The surrounding natural environment has a significant impact on recreational opportunities. The nearby Munmorah State Conservation Area offers bushwalking, camping, and scenic lookouts, while the foreshore of Lake Macquarie provides opportunities for fishing, boating, and kayaking. Beaches such as Catherine Hill Bay and Fraser Park are a short drive away, popular for swimming and surfing. Crangan Bay’s combination of new housing and preserved bushland highlights its dual role as both a growing residential area and a gateway to outdoor recreation.

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