Question 1

Is Eleebana a nice place to live?

Accepted Answer

Eleebana is a quiet lakeside suburb on the western shore of Lake Macquarie. Streets are leafy and often elevated, so many properties have lake outlooks and access to foreshore reserves and walking paths. Housing is mainly established single-family homes, including renovated houses and some waterfront blocks, and the area attracts families and people who favour a relaxed, outdoorsy lifestyle. Parks and boat-launch points support fishing and boating, while nearby cafes, shops and road links connect residents to the Lake Macquarie and Newcastle region.

The community of 6,460 has a median age of 45 and homes are predominantly owner-occupied (90.0%). Recent council foreshore work at Thomas H Halton Park improved the shoreline, and planning documents list a proposed shared path plus pedestrian and bus-stop improvements and sportsground upgrades. Eleebana Public School is scheduled for drainage and stormwater upgrades, with further work planned for the area known as "The Mix". Whether Eleebana suits you depends on whether a settled, waterside suburb matches what you want.

Question 2

Is it expensive to live in Eleebana?

Accepted Answer

Household incomes in Eleebana at the last Census were about $2,227 a week. On the figures, renting a house at $845 a week would take roughly 38% of a typical local household's weekly income, a sizeable share. Buying sits much higher: a median house price of $1,310,000 is about 11.3 times a typical local year's household income, which places buying well above what households earned at the last Census. If you're renting rather than buying, the rent share is the more immediate number for judging affordability.

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 Eleebana a good place to invest?

Accepted Answer

A strong 14.5% rise in median house values over the past 12 months is the clearest movement for Eleebana. House rents also rose a solid 7.0% over the year, so for houses the price (capital growth) has outpaced rental income growth over the period. If you are weighing Eleebana up as an investment, the value change speaks to capital growth and the rent change speaks to rental income, and which matters more will depend on your goals and 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	$1.31M	N/A
Change in value Past 12 months	14.5%	N/A
Sold Past 3 months	18	N/A
Median days on market Past 12 months	37	N/A
Average rent Past 12 months	$845	N/A
Change in rent Past 12 months	7.0%	N/A

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