The post-budget guide to commercial property investing

Argenton

POSTAL CODE: NSW, 2284
HOUSE
ARGENTON ranks 502nd in NSW when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 11.18% for the past year is higher than average compared to its 53.64% growth within a five-year period.

Also in ARGENTON, the median home price is sitting at $845,000, and the average rent at $625, this suggests property owners could potentially earn a 3.85% increase in gross rental yield.

Property investors have seen a -0.88% drop in ARGENTON based on a decrease in median home prices for the past three months.

They believe that homeowners and real estate investors betting on ARGENTON, 2284 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 11.18%.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 9.47% growth over a ten-year period. It ranks 287th on our list of suburbs that property investors should look into.

Surburb overview

Argenton is a residential suburb in the City of Lake Macquarie, NSW, with postcode 2284, situated between Glendale, Boolaroo, Speers Point and Edgeworth. The suburb is about 15 kilometres west of Newcastle’s central business district, with Lake Road providing a major connection to Newcastle and surrounding Lake Macquarie centres.

The 2021 Census recorded about 1,500 residents in Argenton, with separate houses being the predominant type of housing. Residential streets occupy much of the suburb, while commercial areas and community facilities are concentrated near Lake Road and the Glendale boundary.

Argenton does not have a railway station, with nearby stations at Cockle Creek and Cardiff providing passenger rail connections towards Newcastle, the Central Coast and Sydney. Bus services operate through Argenton and neighbouring suburbs, providing connections with Glendale, Cardiff, Charlestown and other parts of Newcastle and Lake Macquarie.

Argenton Public School provides primary education in the suburb, while secondary schools and additional educational facilities are available in Glendale, Edgeworth, and surrounding areas.

Residents have access to supermarkets, shops and other everyday services in nearby Glendale, including the Stockland Glendale shopping centre and surrounding commercial precinct.

Medical centres, pharmacies and allied healthcare providers operate in Glendale and neighbouring suburbs, while larger hospitals and specialist services are available elsewhere across Lake Macquarie and Newcastle.

Argenton lies a short distance west of Lake Macquarie, with nearby Speers Point and Boolaroo providing access to the lakefront. Speers Point Park contains extensive open space, playground facilities, sporting areas and picnic spaces beside Lake Macquarie.

The Lake Macquarie Variety Playground within the park provides accessible play facilities for children of different ages and abilities. The shared pathway network around the northern Lake Macquarie foreshore provides opportunities for walking, running and cycling between nearby communities.

Cockle Creek and surrounding reserves add further open space to the broader area, while sporting grounds and local parks provide recreation options closer to Argenton. Nearby Glendale and Speers Point also have indoor and outdoor sports facilities, community venues, and additional recreational spaces.

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