Suburb Snapshot: Catherine Hill Bay
Catherine Hill Bay, a suburb that perfectly encapsulates the allure of seaside living blended with promising real estate investment opportunities. As we explore the property market in this standout suburb of the Newcastle and Lake Macquarie region, it's clear that Catherine Hill Bay offers a blend of investment potential and a peaceful lifestyle for both investors and owner-occupiers.
Suburb Snapshot: Catherine Hill Bay
Situated within the Newcastle and Lake Macquarie region, Catherine Hill Bay stands out for its tranquil coastal charm and convenient suburban living. Located only 122 kilometres from Sydney and 35km to the Newcastle CBD, it offers a serene escape from city hustle while retaining easy access to urban amenities. The suburb's rich mining history, stunning beaches, and heritage-listed jetty contribute to its unique character and appeal.
Education & Community Life
Catherine Hill Bay benefits from a range of nearby educational institutions, making it an attractive location for families. These schools cater to educational needs from early learning to secondary schooling, contributing significantly to the suburb's family-friendly reputation. Key institutions in the vicinity include:
Milestones Early Learning Swansea
St Brendan’s Catholic Primary School
Cafes, Bars, Restaurants, and Public Spaces
Catherine Hill Bay's culinary scene, though smaller than larger suburbs, offers charming cafes and eateries that provide delightful local flavours. The suburb's public spaces, including its pristine beaches and parks, are well-maintained, ensuring residents and visitors enjoy high-quality recreation and relaxation opportunities. Be sure to check out:
Catho Pub (Catherine Hill Bay Hotel)
And nearby:
Property Market Guide
Catherine Hill Bay primarily features detached houses, which make up 72.3% of the property market. Townhouses and villas represent 12.6%, and units/apartments 14.2%. The current median list price for houses is $1,455,000, holding steady in recent months yet showing a -7.18% change year-on-year indicating a slight cooling in the market.
Despite this cooling, the suburb has experienced significant growth over the past 36 months (88.96%) and maintains a solid ten-year average annual growth rate of 9.95%.
The rental sector is robust, with a median lease price now at $850, up from $820 a year ago. The rental yield of 3.04% is promising for investors.
Market Dynamics
The average days on market (DoM) for properties in Catherine Hill Bay is 76 days, indicating a market where properties are selling at a moderate pace. The current inventory level of 6 months suggests a market that's transitioning to favour buyers, providing a good opportunity for negotiation.
Financial Considerations
Catherine Hill Bay offers a mix of lifestyle and investment potential. The average household income here is $2,628, and with rent affordability sitting at a sustainable level, the suburb attracts a diverse range of residents. The housing market here is accessible to those with accumulated wealth, reflecting its status as a sought-after coastal area..
Investment Potential
Catherine Hill Bay stands as a notable investment destination within the Newcastle and Lake Macquarie region. The diversity of property types, from family homes to beachside retreats, caters to various investor profiles. The steady growth potential and balanced market dynamics make it an attractive location for both long-term investors and those seeking a lifestyle change.
Final Thoughts
Catherine Hill Bay offers a unique combination of peaceful coastal living and solid investment opportunities. Its stable property market, combined with the suburb's natural beauty and lifestyle amenities, makes it a compelling choice for investors and homeowners alike. Whether it's for investment purposes or finding a dream home, Catherine Hill Bay presents a rare blend of growth, stability, and coastal allure.
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Disclaimer
Park Avenue Property Group, together with their directors, officers, employees and agents have used their best endeavours to ensure the information passed on in this document is accurate. However, you must make your own enquiries in relation to the information contained in this document and seek advice from your financial advisor, broker or accountant to ascertain its application to your circumstances.
