Buttaba

POSTAL CODE: NSW, 2283
HOUSE

Property investors enjoyed capital gains of 19.51% over the last 12 months in BUTTABA, translating to lower returns compared with its peers in NSW.

A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 8.2% growth over a ten-year period. It ranks 1176th on our list of suburbs that property investors should look into.

BUTTABA, 2283 has a capital gain of 19.51% for the past year, which is higher than average compared to its 61.32% growth within a five-year period.

With the median home price in BUTTABA sitting at $980,000, and the average rent at $637.5, property owners could potentially earn a 3.38% increase in gross rental yield.

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

BUTTABA, 2283 in NSW belongs to the local government area of Lake Macquarie.

Surburb overview

Buttaba is a small residential lakeside suburb in the City of Lake Macquarie, NSW, with postcode 2283, situated on the western shore of Lake Macquarie between Rathmines and Arcadia Vale. The suburb is about 34 kilometres south-west of Newcastle’s central business district, with local roads providing connections towards Toronto and other western Lake Macquarie communities.

Buttaba has a relatively small population and consists predominantly of established residential housing surrounded by bushland and the Lake Macquarie shoreline. Separate houses form much of the suburb’s accommodation, with residential streets extending inland from the waterfront.

Buttaba does not have a railway station; Fassifern Station provides the nearest major passenger rail connection to Newcastle, the Central Coast and Sydney. Bus services in the wider western Lake Macquarie area provide connections towards Toronto and surrounding suburbs, although public transport is more limited than in larger centres.

There are no major schools in Buttaba; primary education is available in the neighbouring areas of Arcadia Vale and Rathmines. Secondary schools and additional education facilities are available in Toronto and other surrounding communities.

Buttaba has limited retail and healthcare facilities, with residents generally travelling to Toronto for supermarkets, pharmacies, medical practices and other everyday services. Additional shopping and healthcare options are available in Glendale, Cardiff and other larger centres across Lake Macquarie.

Buttaba has direct frontage to Lake Macquarie, providing opportunities for boating, kayaking, fishing and other water-based recreation. Local foreshore reserves provide access to the lake and space for walking, picnicking and informal outdoor activities. Boat-launching facilities are available around the western Lake Macquarie shoreline for recreational access to the water.

Nearby Rathmines Park occupies part of the former RAAF seaplane base and provides extensive open space, sporting facilities, playgrounds and lake frontage. Neighbouring Arcadia Vale and Wangi Wangi contain additional foreshore reserves, parks and recreation facilities.

Bushland surrounding Buttaba provides further opportunities for walking and observing native vegetation and wildlife, while the lake remains the suburb’s principal natural and recreational feature.

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