Glendale

POSTAL CODE: NSW, 2285
HOUSE

Property investments in GLENDALE fare well against the rest of the country last year, registering a median home price increase of 10%.

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 GLENDALE, 2285 saw average growth in the long term.

Real estate investors could earn a rental income of $680 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 38 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 $880,000.

GLENDALE ranks 237th on the list of best yielding suburbs for rental properties in NSW, posting a 4.02% return.

Surburb overview

Glendale is a residential and commercial suburb in the City of Lake Macquarie, NSW, with postcode 2285, situated between Cardiff, Edgeworth, Argenton and Boolaroo.

The suburb is about 15 kilometres west of Newcastle’s central business district, with Lake Road, Main Road and nearby arterial routes providing connections across Newcastle and Lake Macquarie.

The 2021 Census recorded more than 3,000 residents in Glendale, with separate houses accounting for much of the suburb’s residential accommodation. Residential neighbourhoods occupy the northern and eastern parts of the suburb, while substantial retail, commercial and sporting precincts are located around Lake Road.

Glendale does not have an operating passenger railway station, with nearby Cockle Creek and Cardiff stations providing access to the Central Coast & Newcastle Line. Bus services connect Glendale with Newcastle, Cardiff, Edgeworth, Warners Bay and other surrounding suburbs, with several routes serving the major retail precinct.

Glendale East Public School provides primary education within the suburb, while Glendale Technology High School provides secondary education.

Stockland Glendale is a major shopping centre in the suburb, featuring supermarkets, department stores, specialty shops, food outlets, and other services. The surrounding commercial precinct provides additional large-format retail businesses, while nearby Cardiff and Edgeworth offer further everyday shopping and professional services.

Medical centres, pharmacies, dental practices and allied healthcare providers operate in Glendale and neighbouring suburbs, with major hospital services available in Newcastle and elsewhere in Lake Macquarie.

The Hunter Sports Centre is a major recreation facility in Glendale and accommodates athletics, football and other sporting activities. The adjoining Glendale Regional Athletics Centre provides facilities for organised competition, training and community sport.

Local parks, playgrounds and reserves provide additional space for informal outdoor recreation throughout the suburb. Nearby Speers Point Park contains extensive open space, playgrounds, sporting areas and picnic facilities beside Lake Macquarie.

The northern Lake Macquarie foreshore also has shared paths used for walking, running and cycling, while the lake supports boating, fishing and kayaking. Bushland and recreation areas around neighbouring Edgeworth, Cardiff and Argenton provide further outdoor options within a short drive of Glendale.

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