Fennell Bay

POSTAL CODE: NSW, 2283
HOUSE

A steady increase in median property prices over a five-year period in the suburb translates to a 28.64% capital gain.

Property investors in FENNELL BAY enjoyed capital gains of 3.54% over the last 12 months translating to higher returns compared with its peers in the territory.

The suburb also 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 $849,000.

Profits due to an upward trend in home prices there averaged 9.55% per annum over a 3-year period.

Home owners selling their properties and realtors in FENNELL BAY usually have to wait an average of 38.8 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $650 mark, reflecting a 3.98% increase in returns based on the current median price in FENNELL BAY.

FENNELL BAY, 2283 places 593rd in Australia based on median property value growth during the quarter.

Surburb overview

Fennell Bay is a residential lakeside suburb in the City of Lake Macquarie, NSW, with postcode 2283, situated between Fassifern, Blackalls Park, Bolton Point and Woodrising. The suburb is about 24 kilometres south-west of Newcastle’s central business district, with Main Road and surrounding roads providing connections towards Toronto, Glendale and Cardiff.

Fennell Bay had a population of about 1,700 at the 2021 Census, with separate houses forming the predominant type of residential accommodation. Housing extends around the northern part of Fennell Bay and adjoining elevated land, while the Lake Macquarie shoreline and local reserves contribute to the suburb’s open space.

Fennell Bay does not have a railway station; nearby Fassifern Station provides passenger rail services to Newcastle, the Central Coast and Sydney. Bus services operate through Fennell Bay and connect the suburb with Toronto, Glendale and other communities across western Lake Macquarie.

Fennell Bay Public School provides primary education within the suburb, while secondary schools and additional education facilities are available in Toronto and surrounding areas.

Residents can access some local businesses, while nearby Toronto and Glendale provide supermarkets, pharmacies, medical practices and a broader range of retail and professional services.

Healthcare facilities are available in Toronto and surrounding centres, with larger hospitals and specialist services located elsewhere across Lake Macquarie and Newcastle.

Fennell Bay has direct frontage to Lake Macquarie, providing opportunities for boating, fishing, kayaking and other water-based recreation. Fennell Bay Foreshore Reserve provides public access to the waterfront and space for walking, picnicking and informal outdoor activities.

The suburb is also known for the Fennell Bay fossil forest, where fossilised tree remains provide evidence of vegetation dating from the Permian period. Nearby, the Toronto Foreshore contains additional parks, playgrounds, walking areas and boating facilities along the western side of Lake Macquarie.

The Fassifern to Toronto shared pathway provides opportunities for walking and cycling along part of the former railway corridor in the surrounding area.

Local reserves, bushland, and the Lake Macquarie shoreline provide additional settings for outdoor recreation and for observing native vegetation and wildlife.

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