The post-budget guide to commercial property investing

Cardiff Heights

POSTAL CODE: NSW, 2285
HOUSE

Property investors enjoyed capital gains of 21.39% over the last 12 months in CARDIFF HEIGHTS, translating to higher returns compared with its peers in NSW.

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

The suburb posted a 31.25% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $650 based on current median home prices for the suburb.

On average, rents on listings have reached the $650 mark, reflecting a 3.22% increase in returns based on the current median price in CARDIFF HEIGHTS.

CARDIFF HEIGHTS, 2285 ranks 87th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 570th on the list of best yielding suburbs for rental properties in NSW, posting a 3.22% return.

Surburb overview

Cardiff Heights is a residential suburb in the City of Lake Macquarie, NSW, with postcode 2285, situated between Cardiff, New Lambton Heights, Rankin Park and Elermore Vale. The suburb is about 10 kilometres west of Newcastle’s central business district, with nearby arterial roads providing connections towards central Newcastle, Cardiff and Charlestown.

Cardiff Heights has a relatively small population compared with neighbouring Cardiff, with residential development characterised largely by established separate houses. The suburb occupies elevated, undulating terrain, with residential streets interspersed with bushland and public open space.

Cardiff Heights does not have a railway station, but the nearby Cardiff Station provides passenger services on the Central Coast & Newcastle Line. From Cardiff, rail passengers can travel to Newcastle Interchange, the Central Coast, and Sydney, while local bus routes provide additional connections to the surrounding suburbs.

Cardiff Heights does not contain a major commercial centre, so residents generally travel to Cardiff, Glendale or Charlestown for supermarkets and a broader range of everyday services.

Schools are available in the surrounding suburbs, including Cardiff Public School and Cardiff High School, while additional government and non-government education options are available across the wider area. 

Medical centres, pharmacies and allied healthcare providers are available in Cardiff and nearby suburbs. John Hunter Hospital at New Lambton Heights is also a short drive away and provides major hospital, emergency, and specialist healthcare services for the Hunter region.

Local reserves and bushland provide opportunities for walking and informal outdoor recreation within and around Cardiff Heights. The suburb is close to the bushland corridor around the Newcastle Inner City Bypass and adjoining areas of Rankin Park and New Lambton Heights.

Nearby Cardiff contains sporting grounds, parks and playgrounds, while Glendale provides additional indoor and outdoor recreation facilities. Lake Macquarie is accessible at Warners Bay, where foreshore parks and shared paths provide opportunities for walking, running and cycling.

Charlestown and the surrounding district provide further access to sporting facilities, community venues, parks and bushland reserves.

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