Caves Beach Real Estate
Caves Beach is on the Swansea peninsula between Lake Macquarie and the Pacific Ocean in New South Wales, Australia. It is part of the City of Lake Macquarie local government area. Caves Beach is about 2.6 square kilometres in size. The population was 3,935 people in 2011 which rose to 4,053 in 2016 at a growth of 3% in 5 years.
The suburb was known as The Plains which was later changed to The Plains Beach and then Caves Beach. It is named so due to the many caves on the coastline nearby. It is very popular as a surfing beach and for spearfishing. There are seven parks here, schools, childcare, a small resort and a shopping centre.
It is a popular housing option as it has a village feel very close to the seaside. Its lovely beaches and famous caves are a big attraction. It is just an hour’s drive to the North of Sydney and reasonably priced. Caves Beach is preferred by families, couples and tourists. The property prices here are affordable compared to Sydney suburbs.
It is a friendly neighbourhood with good options to buy and sell homes.
Real Estate in Caves Beach
Median selling price for houses here is $870,000 in June 2020. This is at an increase of 11.25% in the period June 2019 – June 2020 as compared to last year. Median selling price of homes in June 2019 was $782,000. Total sales of homes was 57 in the June 19-June 20 time period.
The median rent for homes is $480 per week at a growth rate of 5.1%. This is for 61 homes that went on rent in the last 12 months.
Median selling price for units here is $540,000. This is for 34 units that were sold in the the June 19-June 20 time period. One unit is listed for rent in the last one month for a rent of $370 per week.
Caves Beach is popular for property management as you can buy and sell homes and units currently.
Population in Caves Beach
This suburb has a mix of couples, families and retirees. There are 42.5% childless couples, 42% couples with children and 14% single-parent families.
Seniors above the age of 60 are 30% people. Between 40 to 59 years, there are about 27% people, and between 20 to 39 years there are about 18% people. Up to 19 years, there are about 24% babies and children.
The maximum people here are in the 50-59 years age group. Families are a large chunk of the population here. Mortgage repayments range from $1800 - $2399 per month. Professionals love this suburb.
Income in Caves Beach
Household income is up to $52,000 for about 32% households. The same is between $52,000 and $130,000 for another 33% households. The rest earn between $132,000 to $182,000.
Homes in Caves Beach
48% homes are fully owned, 32% are purchasing homes and 17% are living in rented accommodation.
Real estate here is good for both investment and rental purposes with decent increase in prices. No Bull Real Estate is a well-known real-estate agent with a credible reputation. They specialise in Property Management and help you in getting good real estate investments.
For further information about real estate in this area, contact No Bull Real Estate, your most reliable and friendly real estate agents in Newcastle and Lake Macquarie. Buying, selling, leasing for residential, commercial, industrial property, contact your local expert to buy, sell or lease today on 49552624 or https://www.nobullrealestate.com.au