Question 1

Is Coal Point a nice place to live?

Accepted Answer

Coal Point is a small, predominantly residential peninsula on the western shore of Lake Macquarie with a relaxed lakeside lifestyle centred on boating, swimming and foreshore walks. Tree-lined streets mix weatherboard cottages and contemporary waterfront houses, many with private jetties or water views, and established garden plantings and low-traffic roads reinforce a quiet, village-like feel. There is little commercial development in the suburb itself, with shops and cafes located in nearby Toronto.

The community of 1,749 people has a median age of 52 and a typical household income of $2,148 a week. Most homes are owner-occupied and families are dominated by couples, so the area appeals to families, retirees and anyone after a peaceful base close to regional centres. Local amenities include Biriban Reserve with a public boat ramp and playground, and nearby foreshore master planning by the council is under way, with some local concern about boat trailer parking and boat access. Whether Coal Point suits you depends on how much you value lakeside calm and proximity to neighbouring shopping and services.

Question 2

Is it expensive to live in Coal Point?

Accepted Answer

House rents in Coal Point run to about $773 a week. Against a typical local household income of $2,148 a week at the last Census, that rent would take roughly 36% of a household's weekly income, which is a sizeable share. If you're renting rather than buying, that rent share is the key figure to consider when weighing how expensive Coal Point feels for you.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Coal Point a good place to invest?

Accepted Answer

Over the past 12 months in Coal Point, house values fell 46.5%, a large decline in the capital value of houses. House rents fell 1.9% over the same period, a slight decrease in rental income. For someone weighing Coal Point up as an investment, those figures show that capital value has moved down sharply over the year while rental income has only edged down; whether that fits your investment goals and circumstances is for you to consider.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	-46.5%	N/A
Sold Past 3 months	8	N/A
Median days on market Past 12 months	55	N/A
Average rent Past 12 months	$773	N/A
Change in rent Past 12 months	-1.9%	N/A

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