Speers Point is a suburb of Greater Newcastle in the City of Lake Macquarie, 18 km from Newcastle CBD. It is a popular location due to its lakeside position with cycleways, shops and outstanding sports and leisure amenities.
Speers Point is approximately 2.9 square kilometres. It has 12 parks covering nearly 20.8% of total area. The population of Speers Point in 2011 was 3,229 people. By 2016 the population was 3,316 showing a population growth of 2.7% in the area during that time. The predominant age group in Speers Point is 50-59 years. Households in Speers Point are primarily childless couples and are likely to be repaying $1800 – $2399 per month on mortgage repayments. In general, people in Speers Point work in a professional occupation. In 2011, 72.5% of the homes in Speers Point were owner-occupied compared with 72.8% in 2016.
Currently the median sales price of houses in the area is $1,151,500
Houses in Speers Point rent out for an average of $577 PW with an annual rental yield of 3.1% and units rent for $540 PW with a rental yield of 4.0%.
Based on five years of sales, Speers Point has seen a compound growth rate of 28.9% for houses.
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