Wangi Wangi

POSTAL CODE: NSW, 2267
HOUSE

Figures from the previous quarter show that capital gains for real estate buyers in WANGI WANGI 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 $650 based on current median home prices for the suburb.

On average, rents on listings have reached the $650 mark, reflecting a 3.83% increase in returns based on the current median price in WANGI WANGI.

WANGI WANGI, 2267 ranks 1250th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 320th on the list of best yielding suburbs for rental properties in NSW, posting a 3.83% return.

Surburb overview

Wangi Wangi is a lakeside suburb in the City of Lake Macquarie, NSW, with postcode 2267, occupying a peninsula extending into the western side of Lake Macquarie.

The suburb is about 35 kilometres south-west of Newcastle’s central business district and is connected by road to surrounding communities including Arcadia Vale, Rathmines and Toronto.

The 2021 Census recorded 2,926 residents in Wangi Wangi, with a median age of 50.
Aboriginal and/or Torres Strait Islander people accounted for 5.2 per cent of the population, while Australia and England were the most common countries of birth.

Separate houses form much of the suburb’s residential accommodation, reflecting development across its peninsula and surrounding lake frontage.

Wangi Wangi does not have a railway station; residents can access rail services at nearby stations, including Fassifern.

Local bus services connect Wangi Wangi with surrounding western Lake Macquarie suburbs and larger centres, including Toronto, where passengers can access additional transport connections.

Wangi Wangi Public School provides primary education within the suburb, while secondary schools and additional education facilities are available elsewhere in the Lake Macquarie area.

Local shops and businesses are concentrated around Watkins Road, providing access to everyday goods and services.

Residents can travel to Toronto and other nearby centres for larger supermarkets, medical facilities, pharmacies and a broader range of retail and professional services.

Wangi Wangi’s extensive Lake Macquarie shoreline supports boating, sailing, fishing, kayaking and other water-based recreation.

Wangi Wangi Point provides foreshore open space and lake access, while Wangi Wangi Lions Park includes picnic and recreation facilities near the water.

The suburb is also associated with Dobell House, the former home and studio of Australian artist Sir William Dobell, who lived in Wangi Wangi for much of his later life.

Nearby bushland and reserves provide opportunities for walking and outdoor recreation, complementing the public foreshore areas distributed around the peninsula.

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