Garden Suburb

POSTAL CODE: NSW, 2289
HOUSE

Property investors enjoyed capital gains of 13.99% over the last 12 months in GARDEN SUBURB, translating to lower returns compared with its peers in NSW.

A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 7.35% growth over a ten-year period. It ranks 1779th on our list of suburbs that property investors should look into.

GARDEN SUBURB, 2289 has a capital gain of 13.99% for the past year, which is higher than average compared to its 33.98% growth within a five-year period.

With the median home price in GARDEN SUBURB sitting at $1,100,000, and the average rent at $800, property owners could potentially earn a 3.78% increase in gross rental yield.

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

GARDEN SUBURB, 2289 in NSW belongs to the local government area of Lake Macquarie.

Surburb overview

Garden Suburb is a residential suburb in the City of Lake Macquarie, NSW, with postcode 2289, situated between Kotara, Cardiff South, Hillsborough and New Lambton Heights. The suburb is about nine kilometres south-west of Newcastle’s central business district, with nearby arterial roads providing connections towards Newcastle, Charlestown, Cardiff and Kotara.

The 2021 Census recorded about 3,300 residents in Garden Suburb, with detached houses being the predominant housing type. Residential streets extend across undulating and elevated terrain, with parks, reserves and areas of bushland forming part of the local environment.

Garden Suburb does not have a railway station, with nearby Kotara and Cardiff stations providing access to passenger services on the Central Coast & Newcastle Line. Bus services operate through Garden Suburb and surrounding areas, providing connections towards Charlestown, Kotara, Cardiff and central Newcastle.

Garden Suburb Public School provides primary education within the suburb, while secondary education options include Kotara High School and other schools in neighbouring areas.

The suburb has limited retail facilities, with residents generally travelling to Kotara, Charlestown and Cardiff for supermarkets, pharmacies and other everyday services. Westfield Kotara and Charlestown Square offer greater concentrations of shops, supermarkets, department stores, dining facilities, and professional services.

Medical centres, pharmacies, dental practices and allied healthcare providers operate throughout the surrounding suburbs, while John Hunter Hospital at New Lambton Heights provides major emergency, hospital and specialist services.

Local parks and playgrounds provide space for walking, play and informal outdoor recreation within Garden Suburb. Bushland reserves around the suburb provide additional opportunities for walking and observing native vegetation and wildlife.

Nearby Blackbutt Reserve features walking tracks, picnic areas, playground facilities, and wildlife exhibits in a substantial bushland setting. Glenrock State Conservation Area is accessible by road and provides further opportunities for bushwalking and mountain biking through coastal bushland.

Sporting grounds and recreation facilities in nearby Kotara, Charlestown and Cardiff provide options for organised activities. Newcastle’s beaches and the Lake Macquarie foreshore are also accessible by road for swimming, surfing, boating, cycling and other outdoor recreation.

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