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Yarrawonga Park suburb profile

Yarrawonga Park is a serene lakeside suburb located on the western shores of Lake Macquarie in New South Wales. Known for its tranquil environment and natural beauty, the suburb offers a peaceful retreat with stunning water views and abundant greenery. Residents enjoy a relaxed lifestyle with easy access to outdoor activities such as boating, fishing, and bushwalking. The community is close-knit, with a mix of established homes and modern developments. Yarrawonga Park provides a perfect balance of seclusion and convenience, being a short drive from local amenities and the larger townships of Morisset and Toronto.

Yarrawonga Park property market performance

Yarrawonga Park’s property market appears stable but with limited activity. The median house and unit prices have not changed over the past 12 months. Four houses have been sold during this time, but no units were transacted. Interestingly, despite the static sales market, the rental market for houses shows robust growth, with average rents increasing by 13.7% to $563. There is no recent data on unit rentals or median days on market, indicating minimal movement in these sectors.

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Yarrawonga Park demographics

Yarrawonga Park, nestled in the picturesque Lake Macquarie region of New South Wales, offers a serene lifestyle with a small population of just 390 residents. Known for its natural beauty and tranquil environment, this suburb is an ideal retreat for those seeking a peaceful escape from the hustle and bustle of city life. The median age of 46 suggests a mature community, with many residents likely enjoying the area's relaxed pace and scenic surroundings.

The suburb's housing landscape is characterized by a high rate of home ownership, with 40.8% of properties owned outright and 38.2% owned with a mortgage. This indicates a stable community with long-term residents who value the security and investment of home ownership. Renting is less common, with only 21% of properties being rented, reflecting the suburb's appeal to those looking for permanent residence rather than transient living arrangements.

Family life in Yarrawonga Park is diverse, with couple families without children making up 45% of the households, while couple families with children account for 33.3%. One-parent families represent 21.6% of the community, highlighting a supportive environment for various family structures. The suburb's modest median household income of $1316 per week aligns with its laid-back lifestyle, offering residents a comfortable living standard amidst the natural beauty of Lake Macquarie.

Suburbs near Yarrawonga Park

Some popular suburbs near Yarrawonga Park include:

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