Wyee Point

POSTAL CODE: NSW, 2259
HOUSE

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

This number can mean, real estate investors could earn a rental income of $700 based on current median home prices for the suburb.

On average, rents on listings have reached the $700 mark, reflecting a 3.91% increase in returns based on the current median price in WYEE POINT.

WYEE POINT, 2259 ranks 1299th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 295th on the list of best yielding suburbs for rental properties in NSW, posting a 3.91% return.

Surburb overview

Wyee Point is a lakeside suburb on the southern shore of Lake Macquarie within the City of Lake Macquarie in New South Wales.

It sits about 111 kilometres by road from Sydney’s CBD, roughly 52 kilometres from Newcastle’s CBD, and 44 kilometres from Gosford.

At the 2021 Census, Wyee Point recorded 1,352 residents with a median age of 54, and 4.6% identified as Aboriginal and/or Torres Strait Islander peoples.

The population skews older than the state median of 39, and English is the predominant language at home.

Separate houses, with smaller shares of townhouses and other dwelling types, dominate the housing stock. Households average 2.3 people, and two vehicles are typically found per dwelling.

Public transport is anchored by Wyee Station on the Central Coast & Newcastle Line, with intercity services to Sydney Central and Newcastle Interchange, as well as accessibility upgrades, including lifts and staffed weekday hours.

Local bus route 97 connects Wyee Point with Wyee Station, Mannering Park and the Lake Haven Interchange, with a timing point at High Street and Government Road. 

Essential shopping is available at Lake Haven Centre and in Morisset’s town centre, including Morisset Shopping Centre and Morisset Square.

The nearest major hospital is Wyong Hospital, located at Hamlyn Terrace, which operates a 24-hour emergency department.

Primary schooling is available at Wyee Public School, while nearby secondary options include Morisset High School and Lake Munmorah High School.

Recreation centres on the foreshore; Wyee Point Reserve offers picnic shelters, BBQs, a playground, toilets, and a shared path. The council notes that the walking track remains open during rehabilitation.

Boating access includes Wyee Point Marina, which offers berths, swing moorings, and a launching ramp. The council also maintains public jetties and boat ramps around the lake.

Wyee Point lies within Awabakal Country, and local histories record sawmilling operations from the 1870s and the establishment of rail links in the late nineteenth century.

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