Booragul

POSTAL CODE: NSW, 2284
HOUSE
BOORAGUL ranks 384th in NSW when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 14.47% for the past year is higher than average compared to its 63.96% growth within a five-year period.

Also in BOORAGUL, the median home price is sitting at $910,000, and the average rent at $625, this suggests property owners could potentially earn a 3.57% increase in gross rental yield.

Property investors have seen a 2.82% gain in BOORAGUL based on an increase in median home prices for the past three months.

They believe that homeowners and real estate investors betting on BOORAGUL, 2284 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 14.47%.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 10.64% growth over a ten-year period. It ranks 4215th on our list of suburbs that property investors should look into.

Surburb overview

Booragul is a residential lakeside suburb in the City of Lake Macquarie, NSW, with postcode 2284, situated on the northern shore of Lake Macquarie between Marmong Point, Teralba and Speers Point.

The suburb is about 17 kilometres west of Newcastle’s central business district, with Five Islands Road and nearby Main Road providing connections towards Newcastle, Cardiff and Glendale.

The 2021 Census recorded about 1,300 residents in Booragul, with separate houses forming much of the suburb’s residential accommodation. Residential areas occupy land rising from the Lake Macquarie shoreline, while parks, bushland and community facilities contribute to the local landscape.

Booragul railway station is located on the Central Coast & Newcastle Line and provides passenger rail connections towards Newcastle, the Central Coast and Sydney. Bus services also operate through Booragul and surrounding suburbs, providing connections with Glendale, Cardiff and other Lake Macquarie centres.

Booragul Public School provides primary education within the suburb, while Lake Macquarie High School provides secondary education.

Residents can access everyday shopping and services in nearby Boolaroo, Speers Point and Glendale, with the Glendale commercial precinct containing supermarkets and a broader range of retail businesses.

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

Booragul has direct frontage to Lake Macquarie, providing opportunities for boating, fishing, kayaking and other water-based recreation.

The Museum of Art and Culture Lake Macquarie, Yapang, is located in Booragul and hosts exhibitions and cultural programs on the lakeside grounds of the former Awaba House estate. The surrounding Sculpture Park features outdoor artworks and offers opportunities to walk along the lake. Booragul Foreshore Reserve and other waterfront areas provide additional public open space and access to Lake Macquarie.

Nearby Speers Point Park features playgrounds, sports areas, picnic facilities, and extensive open space. Shared paths around the northern Lake Macquarie foreshore provide further opportunities for walking, running and cycling between nearby communities.

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