Pelican

POSTAL CODE: NSW, 2281
HOUSE

PELICAN, 2281 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Investors saw the median home price rise to $1,100,000.

Profits due to an upward trend in home prices in the suburb averaged 3.24% per annum over a 3-year period.

PELICAN now ranks at the 315th 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 PELICAN 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 N/A 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 PELICAN, homes and units usually stay on listing for an average of 42.4 days.

In 2016, 13 properties were sold in PELICAN during the past year, making it the 1223rd most active market in NSW based on total real estate transactions.

Surburb overview

Pelican is a lakeside suburb in the City of Lake Macquarie, NSW, with postcode 2281, situated beside Swansea Channel between Marks Point, Blacksmiths and Swansea.

The suburb is about 24 kilometres south-west of Newcastle’s central business district, with the Pacific Highway providing the main road connection towards Belmont, Charlestown and Newcastle.

Pelican is predominantly residential, with established housing occupying relatively flat land between Lake Macquarie, Swansea Channel and the adjoining suburbs. The suburb has a small population compared with the larger nearby centres of Swansea and Belmont, and much of its housing stock consists of detached houses.

Pelican does not have a railway station, making buses and private vehicles the main modes of transport for residents. Bus services operate through Pelican and the surrounding Swansea area, providing connections towards Belmont, Charlestown and other parts of Lake Macquarie.

Pelican Flat Public School provides primary education within the suburb, while Swansea High School and other educational facilities are available in neighbouring communities.

Residents can travel to nearby Swansea for supermarkets, pharmacies, medical practices, shops and other everyday services. Belmont provides additional retail and healthcare facilities, while Belmont Hospital at Croudace Bay serves communities across the wider Lake Macquarie area.

Pelican’s position beside Lake Macquarie and Swansea Channel provides access to boating, fishing, kayaking and other water-based recreation. Pelican Foreshore features public open space along the water and offers opportunities for walking, picnicking, and informal recreation.

Boat-launching facilities in the surrounding area provide access to Swansea Channel, which forms the navigable connection between Lake Macquarie and the Pacific Ocean. The nearby Swansea Channel entrance is used by recreational vessels travelling between the lake and coastal waters.

Blacksmiths Beach lies east of the suburb and provides opportunities for swimming, surfing, fishing and beach-based recreation.

Nearby Grannies Pool provides a more sheltered swimming location, while Marks Point and other adjoining lakeside areas contain additional reserves, sporting facilities and foreshore recreation spaces.

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