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Are you considering investing in Warners Bay NSW? In this suburb profile we provide an overview of median sale price trends, trend in weekly rental income, and an overview of rental demand.
Data provided is from a variety of sources, including CoreLogic RP Data, the Australian Bureau of Statistics, and RealEstate.com.au. This information is intended as a guide and not financial advice. Please discuss your individual investment goals and circumstances with your accountant and/or financial advisor before taking any action.
Warners Bay - Location Overview
Warners Bay is a suburb on the eastern side of Lake Macquarie in New South Wales, located around 15km from the CBD of Newcastle. There are extensive, attractive lake views and waterfront access throughout much of Warners Bay, with lakeside walking and cycle paths extending from nearby Eleebana all the way to Booragul on the north-western side of the lake.
Warners Bay is a bustling and popular location for families and the fitness-focussed alike, with many cafes, restaurants and specialty shops directly across from the waterfront.
While most residences in Warners Bay are family homes, in recent times apartment development has seen significant change in the skyline and attracted a broader tenant pool.
Warners Bay Median Sale Price Trend
Warners Bay 4 bedroom houses
Warners Bay 3 bedroom houses
Historical trend of median sales growth for 3 bedroom and 4 bedroom properties in Warners Bay is shown in the below chart.
Warners Bay Weekly Rental Income Trend
Median rent for both 3 bedroom units and 2 bedroom units is currently higher than 3 bedroom houses, and has been this way for several months. While this seems counterintuitive, this is evidence of the availability of recent or newly-built units in highly-desired locations in the suburb, with more modern fixtures and fittings than traditional 3 bedroom family homes.
Historical annual trend of weekly rents for 4 bedroom and 3 bedroom homes, as well as 3 bedroom and 2 bedroom units are shown in the chart below.
Rental Demand in Warners Bay
Historical trend of rental demand for each of the above property types is shown in the chart below.
Interestingly, while interest is still very high, market demand for 4 bedroom homes in Warners Bay has been decreasing steadily since March 2018.
Investment Property Management in Warners Bay
We are highly experienced in managing investment properties in Warners Bay, as well as nearby suburbs including Charlestown, Mount Hutton, and Cardiff. If you have any questions regarding rental property management and our experience in the Warners Bay rental market, or you would like a no-obligation rental appraisal of a property in Warners Bay, contact us at any time.
We provide expert investment property management in Newcastle and Lake Macquarie. If you found this article helpful or enjoyable, please subscribe or share it with someone else who may benefit.
Carnelian Property Management Newcastle NSW
We are a family-owned and run Newcastle real estate agent offering expert property management across Newcastle and Lake Macquarie.
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