Catherine Hill Bay

POSTAL CODE: NSW, 2281
HOUSE

CATHERINE HILL BAY, 2281 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in NSW have risen as a whole, pulling CATHERINE HILL BAY, 2281 values up and netting property investors a capital gain of 15.38% for the past year.

Investors saw the median home price rise to $1,650,000.

Profits due to an upward trend in home prices in the suburb averaged 5.67% per annum over a 3-year period.

CATHERINE HILL BAY now ranks at the 13th place on a list of fastest growing suburbs in the territory.

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

Because of this real estate investors could earn a rental income of $1050 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In CATHERINE HILL BAY, homes and units usually stay on listing for an average of 151.3 days.

In 2016, 23 properties were sold in CATHERINE HILL BAY during the past year, making it the 834th most active market in NSW based on total real estate transactions.

Surburb overview

Catherine Hill Bay is a coastal suburb in the City of Lake Macquarie, NSW, with postcode 2281, situated between the Pacific Ocean and Wallarah National Park, south of Caves Beach. The suburb is about 30 kilometres south-west of Newcastle’s central business district and is reached primarily via the Pacific Highway and Flowers Drive.

Catherine Hill Bay developed around coal mining, and remnants of its industrial history remain prominent features of the local landscape. The suburb contains older housing associated with the former mining settlement as well as newer residential development around its northern areas.

Catherine Hill Bay does not have a railway station, making private vehicles the primary mode of transport for many local trips. Bus services operate across the broader coastal area, with connections to Swansea and other centres, where passengers can access additional public transport.

Catherine Hill Bay Public School provides primary education within the suburb, while secondary schools and other educational facilities are available in Swansea and surrounding communities.

The suburb has limited everyday retail facilities, with residents generally travelling to Swansea for supermarkets, pharmacies, medical practices and other essential services. Additional healthcare and retail facilities are available in Belmont and Charlestown, while Belmont Hospital serves the wider Lake Macquarie area.

Catherine Hill Bay Beach extends along the suburb’s Pacific Ocean frontage and supports swimming, surfing, fishing and other beach-based recreation. A surf lifesaving club operates on the beach, with patrol arrangements in effect during designated periods.

The former Catherine Hill Bay coal-loading jetty extends from the shoreline and remains a prominent physical reminder of the area’s mining history. Middle Camp Beach lies to the south and provides another coastal setting associated with the historic settlement.

Wallarah National Park surrounds parts of the suburb and protects coastal heath, forest and cliff environments, with walking opportunities available within the wider park.

Nearby Pinny Beach and Spoon Rocks provide additional coastal landscapes, while Lake Macquarie and the recreation areas around Cams Wharf and Murrays Beach are accessible to the north-west.

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