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Brightwaters

POSTAL CODE: NSW, 2264
HOUSE

A steady increase in median property prices over a five-year period in the suburb translates to a 47.7% capital gain.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,189,000.

Profits due to an upward trend in home prices there averaged 15.9% per annum over a 3-year period.

Home owners selling their properties and realtors in BRIGHTWATERS usually have to wait an average of 73.1 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $630 mark, reflecting a 2.76% increase in returns based on the current median price in BRIGHTWATERS.

BRIGHTWATERS, 2264 places 1186th in Australia based on median property value growth during the quarter.

Surburb overview

Brightwaters is a suburb located in the local government area of the City of Lake Macquarie on the western shore of Lake Macquarie in New South Wales. The suburb lies on a peninsula east of the town of Morisset and forms part of the broader Hunter and Coast region.

According to the 2016 Census, Brightwaters had a population of around 903 residents. The majority of residents were born in Australia and spoke only English at home. Local demographic data indicate an average household size of about 2.4 people and a median weekly household income of $1,419.

In terms of housing and the property market, the median sale price for houses in Brightwaters was reported at approximately $1,083,000 for the period November 2024–October 2025. Rental properties showed a median weekly rent of roughly $630, and a rental yield of around 3.9%.

Public transportation is limited, and many residents rely on private vehicles for travel to nearby centres. Essential services such as schools, health care and shopping are accessed in neighbouring suburbs or the broader Lake Macquarie area. 

The built form is low-density, predominantly detached homes, many with water views or lake access due to the peninsula setting. Recreationally, the lakeside location provides opportunities for boating, fishing and waterside leisure.

Brightwaters’ peninsula geography and lakeside position create a distinct residential environment, combining water access and suburban living within the Lake Macquarie district.

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