Lake Munmorah

POSTAL CODE: NSW, 2259
HOUSE

Property investors have seen a -0.94% drop in LAKE MUNMORAH based on a decrease in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains LAKE MUNMORAH, 2259 saw average growth in the long term.

The NSW suburb 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 $790,000

Profits averaged 1.67% per annum over a 3-year period, due to an upward trend in home prices in LAKE MUNMORAH, 2259.

This means, real estate investors could earn a rental income of $575 based on current median home prices for the suburb.

The gross rental yield in LAKE MUNMORAH, 2259 is 3.78%.

An average of 8.25 real estate transactions take place per month in LAKE MUNMORAH which translates to 99 per annum.

Surburb overview

Lake Munmorah (postcode 2259) lies in the Central Coast region of New South Wales, situated about 120 kilometres north-northeast of Sydney and approximately 44 kilometres southwest of Newcastle.

In 2016, the population was 5,248 persons; by 2021, it had declined modestly to about 5,084, reflecting a 3 per cent decrease. The median age in the suburb is around 48 years. A large majority of residents are Australian-born (82.3% in 2016), and over 90% speak English exclusively at home. In terms of religious affiliation, Anglican, Catholic and “No Religion” are among the most common responses.

Public transport in Lake Munmorah centres on bus services that stop along or near the Pacific Highway and Tall Timbers Road, with routes 95, 98 and 99 serving the area. Several bus stops lie within walking distance of the Lake Munmorah shopping centre and residential areas. For travel to Sydney, residents may combine bus and train services. A direct bus from nearby Doyalson North takes approximately 2 hours 15 minutes, while rail journeys via the Central Coast & Newcastle Line from nearby stations may take up to 2 hours 45 minutes or more.

Essential services in Lake Munmorah include multiple schools: Lake Munmorah Public School, Lake Munmorah High School, St Brendan’s Primary, and St Brigid’s College. Local medical practices, retail shops and small commercial outlets cluster in the shopping area along Tall Timbers Road and Pacific Highway. More comprehensive hospital, specialist, and extensive retail services are available in neighbouring centres such as Wyong and Lake Haven.

Recreational opportunities are abundant in the suburb’s lake and coastal environment. The shallow Lake Munmorah offers access points for boating, kayaking, prawn fishing and passive waterside enjoyment. The adjacent Munmorah State Conservation Area provides coastal bushwalking, lookouts, picnic spots and surf access to nearby beaches. Within the suburb, approximately 15 parks cover nearly 18.8 per cent of the land area, offering open green spaces, playgrounds, and walking corridors. The Greater Lake Munmorah structure plan identifies that walking and cycling links are currently fragmented and that improved connectivity to foreshore areas is a planning priority.

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