All About Wakefield, Lake Macquarie, NSW, 2278

Wakefield is a quaint and charming suburb located in the Lake Macquarie region of New South Wales, known for its serene environment and community-focused lifestyle. The housing market in Wakefield is quite appealing, particularly for families and retirees looking for a more relaxed pace of life away from the hustle and bustle of the city. In recent years, the area has seen steady demand as more people recognize its potential for offering a peaceful yet connected lifestyle. Housing options predominantly consist of spacious family homes, many of which feature sizable yards and gardens, providing ample space for outdoor activities and leisure. The market has been relatively stable, with competitive pricing compared to more metropolitan areas, making Wakefield an attractive option for first-time buyers and those seeking value for money.

Living in Wakefield offers a unique blend of countryside tranquillity and community spirit. The suburb is surrounded by natural beauty, including lush bushland and proximity to Lake Macquarie, which provides opportunities for outdoor activities like hiking, fishing, and boating. The small, tight-knit community is known for its friendly demeanor, often organizing local events and gatherings which foster a strong sense of belonging. Essential amenities such as schools, shops, and medical facilities are easily accessible, with nearby larger towns catering to more extensive needs. The relaxed lifestyle, combined with excellent connectivity to larger cities and employment hubs via convenient road links, makes Wakefield an ideal place for those wanting a balanced lifestyle with the charm of small-town living.

Wakefield Real Estate Market Outlook

Thinking about buying in Wakefield? Now could not be a better time, with just 112 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,037,000 with prices in this suburb ranging from $407,000 to $2,574,000. The aproximate distance to the coast is 11 Km.

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Low average incomes in Wakefield is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Wakefield leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Wakefield the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.

Instant Property Valuation

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Public Transport

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General Points of Interest

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