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Fennell Bay suburb profile

Fennell Bay is a picturesque suburb located on the western shores of Lake Macquarie in New South Wales. Known for its serene lakeside setting, it offers residents a tranquil lifestyle with stunning water views and abundant natural beauty. The suburb is popular among families and retirees seeking a peaceful environment, with easy access to outdoor activities such as boating, fishing, and walking trails. Fennell Bay provides a close-knit community atmosphere while being conveniently located near the amenities of nearby towns. Its blend of natural charm and accessibility makes it an appealing choice for those looking to enjoy a relaxed lakeside lifestyle.

Fennell Bay property market performance

Fennell Bay’s property market has experienced notable growth, with house values increasing by 8.2% over the past 12 months. The median house price has reached $900,000, reflecting strong demand in the area. However, the unit market remains inactive with no recorded sales or price changes.

Over the past three months, 11 houses were sold, with properties moving quickly on the market, averaging just 16 days. The unit market shows no activity, indicating limited supply or demand for this property type.

In the rental sector, houses have seen a rental price increase of 9.2%, with average rents reaching $650. The unit rental market remains unchanged due to a lack of activity.

HousesUnits
Median price
Past 3 months
$900KN/A
Change in value
Past 12 months
8.2%N/A
Sold
Past 3 months
111
Median days on market
Past 12 months
16N/A
Average rent
Past 12 months
$650N/A
Change in rent
Past 12 months
9.2%N/A

5 year median price trend for houses and units

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Fennell Bay demographics

Fennell Bay, nestled in the picturesque Lake Macquarie region of New South Wales, offers a serene lifestyle with its close proximity to the water and natural surroundings. With a population of 1,780, this suburb is characterized by a mature demographic, reflected in its median age of 45. This suggests a community that includes a mix of established families and retirees who appreciate the tranquility and slower pace of life that Fennell Bay provides.

The suburb's housing landscape is predominantly owner-occupied, with 40.6% of properties owned outright and 35.1% owned with a mortgage. This indicates a stable community with a significant number of long-term residents. The rental market is relatively small, with only 24.3% of properties being rented, which may appeal to those seeking a more settled environment. The median total household income of $1,375 per week aligns with the area's family-oriented nature, supporting a comfortable lifestyle.

Family structures in Fennell Bay are diverse, with 35.3% of households being couple families with children and 46.0% being couple families without children. One-parent families make up 17.9% of the community, highlighting a supportive environment for various family dynamics. The suburb's appeal lies in its balance of natural beauty, community spirit, and accessibility to nearby amenities, making it an attractive choice for those looking to enjoy a peaceful yet connected lifestyle.

Fennell Bay infrastructure, key developments and investment opportunities

Fennell Bay benefits from its position within the broader Lake Macquarie growth corridor, with ongoing council investment focused on enhancing lakeside public spaces, local parks, and walking paths, which supports the suburb’s appeal for lifestyle-focused buyers.[3][5] Proximity to nearby town centres such as Toronto and Glendale, where significant retail, commercial and health services upgrades have occurred or are planned, continues to improve access to jobs, shopping and community facilities for Fennell Bay residents, indirectly strengthening local housing demand.

Transport connectivity for Fennell Bay remains supported by access to major arterial routes towards Newcastle and the Central Coast, and incremental road and intersection upgrades in the area are aimed at easing congestion and improving commute times, a positive for both owner-occupiers and tenants. There are no widely publicised major new infrastructure or school projects announced specifically within Fennell Bay itself at this time, so property performance is likely to be driven more by broader Lake Macquarie planning initiatives and the suburb’s established lakeside amenity than by suburb-specific redevelopments.

Fennell Bay rental market trends

The rental market in Fennell Bay has experienced house rents rising 9.2% over the past year to $650 per week. There has been no change in unit rent, but with growing demand for housing, Fennell Bay offers promising opportunities for investors and residents seeking a suburban lifestyle with potential future growth.

Suburbs near Fennell Bay

Some popular suburbs near Fennell Bay include:

  • Bolton Point: Known for its scenic lake views and relaxed lifestyle, Bolton Point is located directly to the east of Fennell Bay.
  • Woodrising: Offering a peaceful residential atmosphere with easy access to nature, Woodrising is situated to the northeast of Fennell Bay.
  • Blackalls Park: Known for its family-friendly environment and proximity to the lake, Blackalls Park lies to the west of Fennell Bay.
  • Fassifern: Featuring a blend of residential and natural landscapes, Fassifern is located to the southwest of Fennell Bay.
  • Marmong Point: Known for its marina and waterfront properties, Marmong Point is situated to the southeast of Fennell Bay.

How does Fennell Bay compare to nearby suburbs?

  • Median house prices: Fennell Bay’s median house price is 2.2% lower than Blackalls Park’s.
  • House price growth: Over the past 12 months, house prices in Fennell Bay have grown 1.3% higher than in Woodrising.
  • Selling speed for houses: Properties in Fennell Bay are selling 20.0% faster than in Bolton Point.

Common questions about Fennell Bay

  • Is Fennell Bay a nice place to live?

    Fennell Bay is a delightful suburb that offers a peaceful and charming lifestyle, making it a lovely place to live. Nestled on the western shores of Lake Macquarie, it boasts a serene lakeside setting that is perfect for those who appreciate natural beauty and tranquility. The suburb is known for its close-knit community, which is particularly appealing to families and retirees seeking a slower pace of life. With its abundance of outdoor activities such as boating, fishing, and walking trails, Fennell Bay provides a wonderful environment for both relaxation and recreation.

    Families will find Fennell Bay to be a welcoming place, with its supportive community atmosphere and diverse family structures. The suburb is conveniently located near the amenities of nearby towns like Toronto and Glendale, offering easy access to shopping, dining, and health services. While Fennell Bay may not have the bustling nightlife of a city suburb, its proximity to these town centres ensures that residents have everything they need within a short drive.

    Safety is generally not a major concern in Fennell Bay, contributing to its appeal as a family-friendly suburb. However, one trade-off of living in this picturesque area is the lack of major new infrastructure or school projects within the suburb itself. This means that while the suburb benefits from broader Lake Macquarie planning initiatives, residents may need to rely on nearby towns for certain amenities and services. Despite this, the suburb's established lakeside charm and ongoing council investment in public spaces make it an attractive choice for those looking to enjoy a relaxed and connected lifestyle.

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  • Is it expensive to live in Fennell Bay?

    Living in Fennell Bay can be quite challenging for those on an average income. The current median house price is around $900,000, which is significant when you consider the average weekly wage in the area is about $1,000. This means that purchasing a home could be quite a stretch for many residents, especially when compared to the median total household income of $1,375 per week. With no available data on unit prices, it seems that houses are the primary option, and they come with a hefty price tag.

    Renting in Fennell Bay is also on the pricier side, with the average rent for houses sitting at $650 per week. This rental cost could consume a substantial portion of the average weekly income, leaving less room for other living expenses. When you compare these figures to the wider New South Wales area, where the average wage is generally higher, it becomes clear that living in Fennell Bay might be considered expensive for those earning the local average wage.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Fennell Bay a good place to invest?

    Fennell Bay is showing promising signs as a potential investment hotspot, particularly for those interested in the housing market. Over the past year, the suburb has experienced an impressive 8.2% increase in median house values, indicating a strong demand and appreciation in property prices. This trend suggests that Fennell Bay is becoming increasingly attractive to buyers, which could lead to continued growth in the future.In addition to the rise in house values, rental prices for houses have also seen a significant increase of 9.2% over the last year. This boost in rental income potential makes Fennell Bay an appealing option for investors seeking steady rental returns. While the unit market has remained stable with no change in values or rents, the strong performance of the housing sector highlights the suburb's potential for capital growth and rental yield.Overall, Fennell Bay offers a compelling opportunity for investors, especially those focusing on houses. The combination of rising property values and rental income, along with the suburb's appeal to families and renters, positions it as a solid choice for long-term investment.
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Choose the right real estate agents in Fennell Bay

There are 17 real estate agents in Fennell Bay, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 58.6% of all sales in the past year.

Commission rates in Fennell Bay typically range from 1.92% to 2.88%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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