Suburb profile: Coal Point

SUBURB SNAPSHOTCoal Point owes its name to the first coal mine establishedatLake Macquarie.
Nanjing Night Net

Over a century later, the suburb has progressed well beyond its industrial roots.

Today, Coal Point is best recognised as a tight-knit community with alush bushland outlook, quiet streets and magnificent waterfronts.

On the western shores of the lake, Coal Point is situated on the peninsula between Kilaben and Carey Bay.The land was originally owned by missionary Reverend Lancelot Edward Threlkeld.

In the 1840s, he established the Ebenezercoal mine on the south-western side of the suburb –at the site of the present Threlkeld Reserve – after the failure of hisAboriginal mission.

LIFESTYLECoal Point consists largely of freestanding homes on spacious blocks. Itswaterfronts are renownedas some of the grandest on the lake.

TIGHT-KNIT: Coal Point is a small community with less than 2000 residents. It also boasts some of the lake’s most magnificent waterfront properties.

With a population of under 2000 residents, the exclusive neighbourhood has a median age of 49; older than the NSW average. It also has a higher-than-average median income and the most common professions aremanagers and professionals.

The multiple reserves and lakeside activities are popular with locals. The suburb has apublic school and is just two kilometres from shops and cafes at Toronto.

FROM THE EXPERTS-From David Westerman, First National Toronto

Some fresh interest in the area and proactive marketing has seenCoalPointjump out of the gates recently.

TRANQUIL: Coal Point’s multiple reserves and lakeside activities are popular with locals. It is a stone’s throw from shops and cafes at Toronto and Warners Bay.

Owners are seeing strong demand in their exclusive “nook” as buyers jockey to secure a limited supply of properties in this lake side haven. Principal of First National Toronto David Westerman said locals enjoyed a special lifestyle that was hard to explain.

“The community is very close-knit and people look out for each other,” he said. “From a lifestyle perspective it is hard to top.”

CoalPointenjoys some of the best waterfront properties in Australia and demand is strong. The localCoalPointprimary school is beautiful and is attracting young couples and first home owners to the area.

Properties are limited – a prudent consideration for anyone wanting to invest.