Marks Point

POSTAL CODE: NSW, 2280
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Property investments in MARKS POINT did not fare well against the rest of the country last year, registering a median home price decrease of -1.61%.

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 MARKS POINT, 2280 saw average growth in the long term.

Real estate investors could earn a rental income of $695 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 93 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 $1,067,500.

MARKS POINT ranks 495th on the list of best yielding suburbs for rental properties in NSW, posting a 3.39% return.

Surburb overview

Marks Point is a lakeside suburb in the City of Lake Macquarie, NSW, with postcode 2280, situated on a peninsula between Lake Macquarie and Belmont Lagoon. The suburb is about 23 kilometres south-west of Newcastle’s central business district and adjoins Belmont South and Pelican, with the Pacific Highway providing access to surrounding centres.

The 2021 Census recorded 1,861 residents in Marks Point, comprising 48.9 per cent male and 51.1 per cent female residents. The median age was 48, compared with 39 across NSW, while 6.9 per cent of residents identified as Aboriginal and/or Torres Strait Islander.

Marks Point contained 943 private dwellings, with an average household size of 2.1 people and a median weekly household income of $1,122. Separate houses accounted for 57.9 per cent of occupied private dwellings, while flats or apartments represented 29.6 per cent.

Marks Point does not have a railway station, making buses and private vehicles important transport options for travel within the wider Lake Macquarie area.

Bus services operate along Marks Point Road and the Pacific Highway, providing connections towards Belmont, Swansea and surrounding suburbs.

Marks Point Public School provides primary education within the suburb, while secondary and additional schooling options are available in nearby Belmont, Swansea and Caves Beach.

Residents can access larger supermarkets, pharmacies and other everyday services in neighbouring Belmont and Swansea.

Belmont Hospital in nearby Croudace Bay provides hospital services, with medical centres and allied healthcare providers also available throughout the surrounding area.

Marks Point’s position on Lake Macquarie provides opportunities for boating, fishing, kayaking and other water-based recreation.

Marks Point Marina and nearby boat-launching facilities provide access to the lake, while local foreshore reserves offer space for walking and picnicking.

Belmont Golf and Bowls occupies part of the peninsula, adding organised sporting facilities to the suburb’s recreation options.

Belmont Lagoon and nearby Belmont Wetlands State Park provide additional natural areas, while Blacksmiths Beach and other coastal recreation areas are accessible to the southeast.

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