Speers Point

POSTAL CODE: NSW, 2284

HOUSE

UNIT

SPEERS POINT, 2284 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in NSW have risen as a whole, pulling SPEERS POINT, 2284 values up and netting property investors a capital gain of 20.64% for the past year.

Investors saw the median home price rise to $1,315,000.

Profits due to an upward trend in home prices in the suburb averaged 5.63% per annum over a 3-year period.

SPEERS POINT now ranks at the 812th place on a list of fastest growing suburbs in the territory.

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

Because of this real estate investors could earn a rental income of $770 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In SPEERS POINT, homes and units usually stay on listing for an average of 79.6 days.

In 2016, 57 properties were sold in SPEERS POINT during the past year, making it the 302nd most active market in NSW based on total real estate transactions.

SPEERS POINT ranks 502nd in NSW when it comes to estimated capital gains experienced by property investors over the past three years.

SPEERS POINT, 2284 has a capital gain of 23.38% for the past year, which is higher than average compared to its 32.31% growth within a five-year period.

SPEERS POINT, 2284 ranks 247th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 23.38% for property investors last year.

With the median home price in SPEERS POINT sitting at $950,000, and the average rent at $600, property owners could potentially earn a 3.28% increase in gross rental yield.

Property investors have seen a 3.83% gain in SPEERS POINT based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on SPEERS POINT, 2284 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 23.38%.

A survey of average capital gains or median home price increase in suburbs across the country shows that SPEERS POINT, 2284 obtained a 6.53% growth over a ten-year period. It ranks 648th on our list of suburbs that property investors should look into.

Surburb overview

Speers Point is a residential lakeside suburb in the City of Lake Macquarie, NSW, with postcode 2284, situated on the northern shore of Lake Macquarie between Warners Bay, Boolaroo and Lakelands.

The suburb is about 15 kilometres west of Newcastle’s central business district, with Main Road and nearby Lake Road providing connections towards Newcastle, Cardiff and Glendale.

The 2021 Census recorded about 3,300 residents in Speers Point, with separate houses forming much of the suburb’s residential accommodation.

Residential streets extend inland from the Lake Macquarie shoreline, while substantial parks, sporting grounds and community facilities occupy parts of the waterfront.

Speers Point does not have a railway station; nearby stations at Booragul, Cockle Creek and Cardiff provide access to passenger rail services.

Bus services connect Speers Point with Warners Bay, Glendale, Charlestown and other communities across Newcastle and Lake Macquarie. Speers Point Public School provides primary education within the suburb, while secondary schools and additional education facilities are available in surrounding areas.

Local shops provide access to some everyday goods and services, while nearby Warners Bay, Boolaroo and Glendale contain supermarkets, pharmacies, medical practices and larger retail precincts. Healthcare services are available throughout the surrounding area, with hospitals and specialist facilities located elsewhere in Lake Macquarie and Newcastle.

Speers Point Park is a major recreational area on the Lake Macquarie foreshore, featuring sporting fields, picnic facilities, walking areas, and extensive open space. The park also features the Lake Macquarie Variety Playground, which offers accessible play equipment and recreational spaces for children.

Lake Macquarie supports boating, kayaking, fishing and other water-based activities along the suburb’s southern boundary. Shared pathways around the foreshore provide opportunities for walking, running and cycling and connect Speers Point with neighbouring lakeside areas.

Speers Point Swim Centre provides swimming facilities, while local sporting grounds accommodate a range of organised activities.

Nearby Booragul is home to the Museum of Art and Culture Lake Macquarie, Yapang, and its lakeside Sculpture Park, providing additional cultural and recreation options.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,315,000	$950,000
Growth Report
Median Quarterly	0.19%	3.83%
Median 12 month	20.64%	23.38%
Median 3 years	16.89%	0%
Median 5 years	54.71%	32.31%
10 years average annual	9.74%	6.53%
Weekly media advert. rent	$770	$600
Time on Market	79.6 days	N/A
Gross Rental Yield Percent	3.04%	3.28%

Demographics (Median Values)*

Total Population 10500

Weekly Household Income 1197

Household Size 2.50

Average Age 43

Monthly Loan Repayment 1603

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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