Carey Bay

POSTAL CODE: NSW, 2283
HOUSE

Based on its average 5-year and quarterly capital gains CAREY BAY, 2283 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that CAREY BAY, 2283 obtained a 13.18% growth over a ten-year period. It ranks 3752nd on our list of suburbs that property investors should look into.

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

CAREY BAY, 2283 has a capital gain of 22.4% for the past year, which is higher than average compared to its 73.16% growth within a five-year period.

With the median home price in CAREY BAY sitting at $1,177,500, and the average rent at N/A, property owners could potentially earn a N/A increase in gross rental yield.

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

Surburb overview

Carey Bay is a residential lakeside suburb in the City of Lake Macquarie, NSW, with postcode 2283, situated on the western shore of Lake Macquarie between Toronto and Coal Point. The suburb is about 28 kilometres south-west of Newcastle’s central business district, with local roads providing connections to Toronto and other communities around western Lake Macquarie.

The 2021 Census recorded about 1,000 residents in Carey Bay, reflecting its relatively small residential population. Separate houses form most of the suburb’s residential accommodation, with established streets extending along elevated land and areas close to the Lake Macquarie shoreline.

Carey Bay does not have a railway station, with nearby Fassifern Station providing passenger rail connections towards Newcastle, the Central Coast and Sydney. Bus services operate through Carey Bay and neighbouring Toronto, providing connections with other western Lake Macquarie suburbs and larger transport centres.

There are no major schools within Carey Bay; primary and secondary education facilities are available in Toronto, Coal Point, and surrounding suburbs.

Residents can access supermarkets, pharmacies, medical practices, banks and other everyday services in neighbouring Toronto. Additional retail and healthcare facilities are available at Glendale, Cardiff and other larger centres across Lake Macquarie and Newcastle.

Carey Bay has direct frontage to Lake Macquarie, making boating, kayaking, fishing and other water-based activities accessible from the surrounding shoreline.

Carey Bay Foreshore is a public open space that offers opportunities for walking, picnicking, and informal recreation beside the lake.

The suburb is also home to the Royal Motor Yacht Club Toronto, which provides boating facilities and access to Lake Macquarie.

Nearby, the Toronto Foreshore contains parks, walking areas, playgrounds and boating facilities along the western side of the lake.

Neighbouring Coal Point has additional reserves and lake access, while the broader western Lake Macquarie shoreline contains numerous parks and boat-launching facilities.

Local reserves and surrounding bushland provide further opportunities for walking and outdoor recreation, complementing the suburb’s extensive access to the lake environment.

You’re out of free articles for this month

Free investor loan check

Better property decisions start with smarter lending.

A free 15-minute finance check for property investors.

15 minutes Free No obligation

What are your lending goals?

Choose a goal to request a callback.

Buying againCheck my borrowing position Equity or refinanceReview my current loans Loan strategyGet a second opinion

Ready to talk?

Book a 15-minute call →

Finni Pty Ltd · Australian Credit Licence 384324 · Privacy