Kilaben Bay

POSTAL CODE: NSW, 2283
HOUSE

Based on its average 5-year and quarterly capital gains KILABEN 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 KILABEN BAY, 2283 obtained a 6.87% growth over a ten-year period. It ranks 2107th on our list of suburbs that property investors should look into.

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

KILABEN BAY, 2283 has a capital gain of 4.83% for the past year, which is lower than average compared to its 36.48% growth within a five-year period.

With the median home price in KILABEN BAY sitting at $1,085,000, and the average rent at $650, property owners could potentially earn a 3.12% increase in gross rental yield.

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

Surburb overview

Kilaben 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, Coal Point and Rathmines.

The suburb is about 30 kilometres south-west of Newcastle’s central business district, with Kilaben Road providing a connection towards Toronto and the wider western Lake Macquarie road network.

Kilaben Bay has a relatively small population and consists predominantly of established residential housing on land rising from the Lake Macquarie shoreline. Separate houses account for much of the suburb’s accommodation, while bushland, reserves and waterfront areas contribute to its physical setting.

Kilaben Bay does not have a railway station; Fassifern Station is the nearest major passenger rail connection to Newcastle, the Central Coast and Sydney. Bus services operate through the wider Toronto and western Lake Macquarie area, providing public transport connections to surrounding suburbs and larger centres.

There are no major schools in Kilaben Bay; primary education is available in nearby Toronto, Coal Point, and Rathmines. Toronto High School provides secondary education nearby, while additional government and non-government schools operate elsewhere across western Lake Macquarie.

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

The suburb has direct frontage to Lake Macquarie, providing opportunities for boating, fishing, kayaking and other water-based activities. Kilaben Bay Foreshore Reserve provides public open space beside the lake, with opportunities for walking, picnicking, and informal recreation.

Boat-launching facilities and other lake access points are available throughout the surrounding western Lake Macquarie area. Nearby Toronto Foreshore contains parks, playgrounds, walking areas and boating facilities, while neighbouring Coal Point provides additional waterfront reserves.

Rathmines Park, to the south, occupies part of a former RAAF seaplane base and contains extensive open space, sporting facilities and lake frontage. Bushland and reserves around Kilaben Bay provide further settings for walking, nature observation and outdoor recreation.

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