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MOMENTUM
MEDIA
A steady increase in median property prices over a five-year period in the suburb translates to a 2.98% capital gain.
It also 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 $811,000
The augmented property values in the suburb are trailing above the territorial average of 5.34% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $600.
Home owners selling their properties and realtors in KANWAL usually have to wait an average of 37.6 days days before their assets are lifted off the market.
The NSW suburb ranks 318th on the list of best yielding suburbs for rental properties in NSW, posting a 3.85% return.
It also places places 997th in Australia based on median property value growth during the quarter.
Kanwal (postcode 2259) sits west of Tuggerah Lake in the Central Coast region of New South Wales, about nine kilometres north-east of Wyong and roughly 105 kilometres north-northeast of Sydney’s central business district by road.
At the 2021 Census, Kanwal recorded a population of 4,194 people, comprising 46.7% males and 53.3% females. The median age in the suburb is 45 years, and households average 2.5 persons. Aboriginal and Torres Strait Islander persons comprise approximately 7.2 per cent of residents, which is above the NSW average. The median weekly household income is roughly $1,344, median monthly mortgage repayments are around $1,733, and median weekly rents are about $380.
Kanwal benefits from public transport via several Busways routes, which link the suburb to Lake Haven Shopping Centre, Wyong railway station, and Westfield Tuggerah. Warnervale station is located approximately four kilometres west and is served by one bus route. In comparison, Wyong station—six kilometres southwest—provides more frequent train connections, including NSW TrainLink services. Private vehicle use dominates commuting in Kanwal, with approximately 83.6 per cent of workers driving cars, while only 1.5 per cent use buses and 2.3 per cent use trains.
Essential services in and around Kanwal include a small local shopping village, a primary school, aged care facilities, and places of worship. Nearby medical facilities include the adjacent Wyong Hospital and the Tuggerah Lakes Private Hospital (built in 2019). Major retail and commercial facilities are located within reach in Lake Haven and Tuggerah.
Recreation in Kanwal centres on several parks, sporting ovals and community facilities. The Wyong Rugby League Club is located northeast of the suburb and features multiple sporting fields, netball courts, and a community centre. Craigie Park, situated along Tuggerah Lake, offers open green spaces and stunning views of the lake. The suburb’s proximity to the lake and nearby waterways offers opportunities for fishing, kayaking, and other water-based recreational activities.