Question 1

Is Edgeworth a nice place to live?

Accepted Answer

Edgeworth is an established suburb in the City of Lake Macquarie with a suburban, family-oriented feel and bushland to the west. Streets mix mid-century weatherboard cottages and more recent brick homes with mature gardens, and the centre has a compact shopping strip, community facilities and sporting fields. The community numbers 6,401 people and has a median age of 39.

Residents tend to be families and commuters into Newcastle and Lake Macquarie, enjoying an easy, low-key lifestyle with foreshore recreation, walking tracks and regular public transport links. There has been local public-works activity, including road reconstruction on Sedgwick Avenue, planning for a new ambulance station and a planning agreement for two new sports fields at 10 Turnbull Street; Hunter Water is also expanding the wastewater treatment works to irrigate Jack McLaughlan Oval, and Edgeworth Public School completed cooler-classroom and LED upgrades. Whether Edgeworth suits you depends on what you want from a suburb.

Question 2

Is it expensive to live in Edgeworth?

Accepted Answer

Buying a house in Edgeworth sits well above what local households earned at the last Census. With a median house price of $930,275 and a typical household income of $1,435 a week (about $74,620 a year), a house works out to roughly 12.5 times a typical local annual household income at the last Census.

Renting also takes a large share of local incomes: a house rent of $680 a week is about 47.4% of a typical local household's weekly income at the last Census, and a unit rent of $580 a week is about 40.4% of that weekly income. Which of these figures matters most will depend on whether you plan to rent or buy and on your own circumstances.

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 Edgeworth a good place to invest?

Accepted Answer

House values in Edgeworth jumped a strong 20.5% over the past 12 months, so capital growth on houses has been the clearest movement this year. Rents tell a different story: house rents rose a modest 4.6% while unit rents climbed a strong 10.9%, so the rent a unit earns has increased faster than the rent on a house over the year.

Which of those outcomes matters to you depends on whether you prioritise capital growth or rental income and on your own circumstances.

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	$930K	N/A
Change in value Past 12 months	20.5%	N/A
Sold Past 3 months	26	3
Median days on market Past 12 months	16	N/A
Average rent Past 12 months	$680	$580
Change in rent Past 12 months	4.6%	10.9%

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