Question 1

Is Lake Haven a nice place to live?

Accepted Answer

Lake Haven is a lakeside suburb on the northern edge of Tuggerah Lake, made up largely of low-density detached homes and some modest newer developments. Its character suits families and people seeking a relaxed waterside lifestyle. The Lake Haven Shopping Centre provides supermarkets, specialty stores and everyday services, while foreshore reserves and lake access invite boating, fishing and walking.

About 3,529 people live in Lake Haven and the median age is 49. Homes are mostly owner-occupied (a combined 62.7%) with renters at 37.2%, so there’s a mix of settled owners and renting households. Local buses and a bus interchange at the shopping centre connect to nearby centres, and the suburb is within easy reach of Wyong train station and the M1. A council-led town centre program has rezoned precincts to B4 mixed use, and a regional Pacific Highway multimodal upgrade is at the planning stage. The local health centre hosts services including headspace and has introduced a water reuse system.

Question 2

Is it expensive to live in Lake Haven?

Accepted Answer

House rents in Lake Haven run to $650 a week. Against a typical local household income of $1,023 a week as recorded at the most recent Census, that rent would take about 63.6% of weekly household income, which is a large share of what a typical household earned at the last Census.

Buying is much higher by the same income measure: the median house price of $810,000 is about 15.2 times a typical local annual household income at the most recent Census (annual income $53,196). On these figures, renting takes a large share of local weekly income while buying sits many times a local year's household income, and whether that feels expensive depends on your own income and 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 Lake Haven a good place to invest?

Accepted Answer

House rents in Lake Haven climbed 12.1% over the past year, while median house values rose 9.9% over the same period. For someone weighing Lake Haven as an investment, the house-side figures show rental income has increased faster than capital value this year, so the rent a house earns has been the stronger performer.

Which of those movements matters most depends on whether you prioritise rental income or capital growth 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	$810K	N/A
Change in value Past 12 months	9.9%	N/A
Sold Past 3 months	11	1
Median days on market Past 12 months	18	N/A
Average rent Past 12 months	$650	N/A
Change in rent Past 12 months	12.1%	N/A

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