The post-budget guide to commercial property investing

Woodrising

POSTAL CODE: NSW, 2284
HOUSE

Property investments in WOODRISING did not fare well against the rest of the country last year, registering a median home price decrease of 8.59%.

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

Based on its average 5-year and quarterly capital gains WOODRISING, 2284 saw average growth in the long term.

Real estate investors could earn a rental income of $650 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 23 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $840,000.

WOODRISING ranks 233rd on the list of best yielding suburbs for rental properties in NSW, posting a 4.02% return.

Surburb overview

Woodrising is a residential suburb in the City of Lake Macquarie, NSW, with postcode 2284, situated on the western side of Lake Macquarie between Bolton Point, Fennell Bay and Marmong Point.

The suburb is about 23 kilometres south-west of Newcastle’s central business district, with The Boulevarde and nearby roads providing connections towards Toronto, Glendale and other western Lake Macquarie communities.

The 2021 Census recorded about 1,200 residents in Woodrising, with detached houses as the predominant type of housing. Residential development is concentrated around established streets, with bushland, reserves, and open spaces forming part of the surrounding landscape.

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

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

Woodrising Shopping Centre provides access to a supermarket and other local businesses, while larger retail precincts are available in Toronto and Glendale.

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

Woodrising lies close to the western shoreline of Lake Macquarie, with neighbouring Bolton Point and Marmong Point providing direct access to the water. These lakeside areas support boating, fishing, kayaking and other water-based recreation. 

Local parks and reserves provide space for walking, play and informal outdoor activities within Woodrising. The nearby Toronto Foreshore features playgrounds, picnic areas, walking paths, and boating facilities along Lake Macquarie.

Marmong Point Marina provides additional boating facilities and recreational access to the lake within a short drive of the suburb. The surrounding western Lake Macquarie area also contains bushland, shared paths, sporting grounds and foreshore reserves that provide further opportunities for walking, cycling and organised recreation.

 

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