Caves Beach

POSTAL CODE: NSW, 2281
HOUSE
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Property investors have seen a -4.79% drop in CAVES BEACH based on a decrease in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains CAVES BEACH, 2281 saw average growth in the long term.

The NSW 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 $1,333,000

Profits averaged 2.67% per annum over a 3-year period, due to an upward trend in home prices in CAVES BEACH, 2281.

This means, real estate investors could earn a rental income of $820 based on current median home prices for the suburb.

The gross rental yield in CAVES BEACH, 2281 is 3.2%.

An average of 5.5 real estate transactions take place per month in CAVES BEACH which translates to 66 per annum.

Surburb overview

Caves Beach is a coastal suburb in the City of Lake Macquarie, NSW, with postcode 2281, situated on the Pacific Ocean between Swansea and Pinny Beach. The suburb is about 27 kilometres south-west of Newcastle’s central business district, with the Pacific Highway and Swansea-Caves Beach Road providing connections to surrounding areas.

The 2021 Census recorded 4,024 residents in Caves Beach, with separate houses accounting for most residential accommodation. The suburb combines established residential streets with newer housing, coastal bushland and open space extending towards the ocean.

Caves Beach does not have a railway station, so buses and private vehicles provide the main transport options for residents. Local bus services connect Caves Beach with Swansea, Belmont and other suburbs, where passengers can access additional public transport connections.

Caves Beach Public School provides primary education in the suburb, while Swansea High School is a nearby option for secondary education.

Local shops provide access to some everyday goods and services, while neighbouring Swansea has supermarkets, pharmacies, medical practices and a broader commercial centre. Additional healthcare services are available in Belmont and surrounding suburbs, with Belmont Hospital serving the wider Lake Macquarie district.

Caves Beach takes its name from the network of sea caves and rock formations along its coastline, which can be accessed from the beach when tidal and sea conditions permit.

Caves Beach is used for swimming, surfing, fishing and walking, with a surf lifesaving club providing patrols at designated times. Nearby Spoon Rocks contains a beach and the remains of a breakwater associated with the area’s former coal-mining operations.

Wallarah National Park adjoins parts of the suburb and protects coastal forest, heath and cliff environments between Caves Beach and Catherine Hill Bay. Walking tracks within the surrounding conservation areas provide opportunities for bushwalking and observing the coastal landscape.

Lake Macquarie lies immediately west of Swansea, providing additional opportunities for boating, kayaking and fishing within a short drive of Caves Beach. Local parks, sports fields and playgrounds provide additional recreational options within the suburb and in neighbouring Swansea.

 

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