Bonnells Bay

POSTAL CODE: NSW, 2264
HOUSE

Property investments in BONNELLS BAY did not fare well against the rest of the country last year, registering a median home price decrease of 5.71%.

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

Based on its average 5-year and quarterly capital gains BONNELLS BAY, 2264 saw average growth in the long term.

Real estate investors could earn a rental income of $650 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 57.6 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $888,000.

BONNELLS BAY ranks 334th on the list of best yielding suburbs for rental properties in NSW, posting a 3.81% return.

Surburb overview

Bonnells Bay is a suburb located within the City of Lake Macquarie local government area on the western shore of Lake Macquarie in New South Wales. It lies on a peninsula east of the town of Morisset, in the broader Hunter and Coast region, approximately 118 km north-northeast of Sydney.

According to the 2021 Census, Bonnells Bay recorded a population of 4,066. The median age of residents is around 42 years. The median weekly household income is approximately $1,460. Owner-occupier rates are relatively high, with around 72% of homes owned by their occupants, according to recent data.

In terms of housing and the property market, the median sale price for houses in Bonnells Bay is about $869,750, with annual capital growth of roughly 6.7% over the most recent 12-month period. For rental properties, median weekly rents are about $640 for houses, and yields are estimated at 3.9%.

Public transportation within Bonnells Bay includes bus services linking to Morisset and surrounding suburbs, though many residents rely on private vehicles for commuting. 

As a lakeside suburb, recreational opportunities include access to Lake Macquarie’s foreshore for boating and waterside walks.

Local amenities include a shopping centre serving the suburb, part of the area's growth west of the lake in recent decades.

Major conveniences such as larger retail centres, hospitals or higher education institutions are found in nearby Morisset or along the broader Lake Macquarie and Greater Newcastle region. The built form in the suburb is primarily low-density residential, often with detached houses and moderate lots.

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