Eleebana

POSTAL CODE: NSW, 2282
HOUSE

Homeowners and real estate investors betting on ELEEBANA, 2282 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 14.14%.

A steady increase in median property prices over a five-year period in the suburb translates to a 16.04% capital gain.

Property investors in ELEEBANA enjoyed capital gains of 14.14% over the last 12 months translating to lower returns compared with its peers in the territory.

The 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 $1,392,500.

Profits due to an upward trend in home prices there averaged 5.35% per annum over a 3-year period.

Home owners selling their properties and realtors in ELEEBANA usually have to wait an average of 56.5 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $795 mark, reflecting a 2.97% increase in returns based on the current median price in ELEEBANA.

ELEEBANA, 2282 places 806th in Australia based on median property value growth during the quarter.

Surburb overview

Eleebana is a residential lakeside suburb in the City of Lake Macquarie, NSW, with postcode 2282, situated on the eastern shore of Lake Macquarie between Warners Bay, Croudace Bay and Valentine.

The suburb is about 15 kilometres south-west of Newcastle’s central business district, with Macquarie Drive and nearby major roads providing connections to Charlestown, Belmont and Newcastle.

The 2021 Census recorded 6,522 residents in Eleebana, with established separate houses forming the predominant type of residential accommodation. Residential areas extend from the Lake Macquarie foreshore into elevated terrain, while bushland and public open spaces remain around parts of the suburb.

Eleebana does not have a railway station, making buses and private vehicles the primary modes of transport for most residents. Bus services operate through Eleebana and provide connections with Warners Bay, Charlestown, Belmont and other suburbs across Lake Macquarie and Newcastle.

Eleebana Public School provides primary education in the suburb, while secondary schools and additional educational facilities are available in nearby Warners Bay, Gateshead, and surrounding areas.

Residents can access some local businesses, while larger concentrations of supermarkets, pharmacies, shops and professional services are available in Warners Bay, Mount Hutton and Charlestown. Medical centres and allied healthcare providers operate in surrounding centres, with Belmont Hospital in nearby Croudace Bay providing hospital services.

Eleebana has direct frontage to Lake Macquarie, supporting boating, fishing, kayaking and other water-based recreation. The shared pathway along the lakefront connects Eleebana with neighbouring Warners Bay and forms part of a broader network used for walking, running and cycling.

Eleebana Park provides foreshore open space, playground facilities and areas for picnicking and informal recreation beside the lake. Nearby Croudace Bay contains Thomas H Halton Park, which provides additional playgrounds, sporting facilities, open space and waterfront access.

Warners Bay Foreshore offers further walking and cycling opportunities along Lake Macquarie, together with parks and recreation areas. Bushland reserves and local parks distributed through Eleebana provide additional settings for walking, play and other outdoor activities.

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