Coal Point

POSTAL CODE: NSW, 2283
HOUSE

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

This number can mean, real estate investors could earn a rental income of $772.5 based on current median home prices for the suburb.

On average, rents on listings have reached the $772.5 mark, reflecting a 3.49% increase in returns based on the current median price in COAL POINT.

COAL POINT, 2283 ranks 1357th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 460th on the list of best yielding suburbs for rental properties in NSW, posting a 3.49% return.

Surburb overview

Coal Point is a residential lakeside suburb in the City of Lake Macquarie, NSW, with postcode 2283, situated on a peninsula extending into the western side of Lake Macquarie between Carey Bay and Kilaben Bay.

The suburb is about 29 kilometres south-west of Newcastle’s central business district, with local roads providing connections through Carey Bay to nearby Toronto.

The 2021 Census recorded about 2,000 residents in Coal Point, with detached houses as the predominant type of housing. Housing extends along the peninsula’s elevated terrain and shoreline, with bushland, reserves and views across Lake Macquarie contributing to the local landscape.

Coal Point does not have a railway station; Fassifern Station provides the nearest major passenger rail connection for services to Newcastle, the Central Coast and Sydney. Bus services operate through Coal Point and neighbouring suburbs, providing public transport connections with Toronto and other communities in western Lake Macquarie.

Coal Point Public School provides primary education within the suburb, while Toronto High School and other educational facilities are available in surrounding areas.

Coal Point has limited retail facilities, with residents generally travelling to nearby Toronto for supermarkets, pharmacies, medical practices and other everyday goods and services. Toronto also provides banking, professional and allied healthcare services, while larger hospitals and specialist facilities are available elsewhere in Lake Macquarie and Newcastle.

Lake Macquarie surrounds much of the Coal Point peninsula, providing opportunities for boating, kayaking, sailing, fishing and other water-based recreation.

Coal Point contains several foreshore reserves that provide public access to the lake and space for walking, picnicking and informal outdoor activities. Boat-launching and waterfront facilities are available around the peninsula and in neighbouring lakeside suburbs.

The nearby Toronto Foreshore provides additional parks, playgrounds, walking areas and boating facilities along the western shore of Lake Macquarie. Carey Bay is home to the Royal Motor Yacht Club Toronto, adding further boating facilities within a short distance of Coal Point.

Local bushland and reserves provide opportunities for walking and observing native vegetation and wildlife, while the suburb’s extensive shoreline remains a significant focus for outdoor recreation.

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