Rathmines, NSW
FAIR VALUE2,034 sales · 36 years of data · NSW, Australia
Rathmines, NSW Property Market Overview
Rathmines, NSW, 2283, is a suburb located on the western shores of Lake Macquarie, offering a relaxed lakeside lifestyle. Our data spans 36 years of sales history, encompassing a total of 2,034 recorded property sales. The current median property price in Rathmines (all types) sits at $822,500, reflecting a mix of housing options and price points.
Notable for its proximity to the lake and recreational activities, Rathmines features a diverse property market. Houses currently have a median price of $870,000, while apartments are at $605,000. This difference in median values highlights the variety of housing options available, from waterfront properties to more affordable apartment living. Rathmines provides a unique blend of affordability and lifestyle appeal within the Lake Macquarie region.
Property Mix
Data You Can Trust
Every figure backed by NSW government sale records
What Subscribers See
A preview of the full analysis available for Rathmines
Top streets in Rathmines, NSW by median sale price
See which streets command the highest prices and how many sales back each ranking.
| # | Street | Median Price |
|---|---|---|
| 1 | Harborne Ave | $1,002,500 |
| 2 | Rosemary Row | $865,000 |
| 3 | Cheapside St | $895,000 |
| 4 | Karoonda Cl | $515,000 |
... and 40 more streets available
Subscribers also see:
- Street price per m² analysis
- Street annual growth rates (CAGR)
- Premium vs discount % comparison
Streets by price per square metre
Compare land and building value across streets — essential for finding underpriced pockets.
| # | Street | Median $/m² |
|---|---|---|
| 1 | Somersham Ave | $1,250/m² |
| 2 | Cheapside St | $1,625/m² |
| 3 | Northminster Way | $1,498/m² |
| 4 | Northview St | $1,601/m² |
... and more $/m² rankings
View full $/m² data →Fastest growing streets by median price
10-year compound annual growth rate (CAGR) by street — see which streets are outperforming the suburb.
| # | Street | 10yr CAGR |
|---|---|---|
| 1 | Somersham Ave | +7.1% |
| 2 | Harborne Ave | +6.7% |
| 3 | Northminster Way | +7.0% |
| 4 | Kooringal Cl | +0.0% |
... and more street growth rates
See all growth rates →Past growth rates are not indicative of future performance. This data is for informational purposes only.
Building-by-building comparison
| # | Address | Median |
|---|---|---|
| 1 | 3 Immarna Rd | $560,000 |
| 2 | 12 B Karoonda Cl | $346,500 |
| 3 | 12 A Karoonda Cl | $580,000 |
| 4 | 14 B Karoonda Cl | $605,000 |
... and 9 more buildings
Compare individual buildings by price per sqm, median unit price, and sales volume. Identify which buildings are gaining or losing value relative to the suburb average.
View full building data →Flipper risk & hold period analysis
Properties resold within 2 years may signal problems — structural issues, noisy locations, or overpayment. See hold period distribution and flagged streets.
See flipper risk data →Settlement times & problem streets
Extended settlement times can indicate building defects, financing difficulties, or legal issues. See which streets have the longest settlement periods.
See settlement data →Density & development tracking
Track which streets are converting from houses to apartments. Understand how density is changing the suburb's character and property values over time.
See density trends →Unlock the full Rathmines analysis
44 streets and 13 buildings to explore
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Rathmines at a Glance
Rathmines, NSW
Map data © OpenStreetMap contributors
Local Amenities
Living in Rathmines, NSW
Living in Rathmines offers a relaxed lakeside lifestyle. The suburb is known for its proximity to Lake Macquarie, providing ample opportunities for boating, fishing, and other water activities. Families are drawn to the area for its parks, including Rathmines Park, and its relatively quiet and safe environment.
Rathmines is serviced by a local shopping village, providing essential amenities. For more extensive shopping, residents can travel to nearby larger centres like Toronto. Several schools are located in the vicinity, including Rathmines Public School and nearby Toronto High School. The suburb offers a sense of community and a slower pace of life, making it appealing to families and retirees alike.
Rathmines also holds historical significance as a former RAAF base, adding to its unique character. The local RSL club is a hub for community activities and remembrance.
Who Buys in Rathmines?
Rathmines attracts a diverse range of buyers. The higher median house price of $870,000 suggests families and established buyers are prevalent, seeking larger properties with gardens. The apartment median of $605,000 may appeal to first home buyers or downsizers looking for more manageable living spaces.
The 6.3% 10-year CAGR indicates consistent growth, which can attract investors seeking long-term capital appreciation. The 7.4% strata percentage suggests a smaller proportion of apartment living, meaning that families seeking larger properties are more likely to find suitable options in Rathmines. The suburb’s lakeside location also appeals to those seeking a relaxed lifestyle.
Market Analysis
Currently, the Rathmines property market is assessed to be near its long-term trend, suggesting fair value. This indicates that property prices in Rathmines are currently aligned with historical growth patterns and economic fundamentals. While we can't disclose the specific percentage deviation from the trend, understanding this cycle position is crucial for anyone analysing the local property market.
A market at fair value means that prices are neither significantly overinflated nor heavily discounted compared to their historical average. This stability can provide a sense of predictability for both buyers and sellers in Rathmines. However, it's essential to remember that market conditions can change, and ongoing monitoring is always recommended.
Is Rathmines a Good Investment?
Rathmines's property values are fundamentally driven by its lakeside location and relaxed lifestyle appeal. The suburb's proximity to Lake Macquarie is a major drawcard, attracting those seeking water activities and scenic views. Historically, Rathmines has shown steady growth, with a 10-year CAGR of 6.3%.
Currently, the Rathmines property market is assessed to be near its long-term trend, indicating fair value. This suggests that prices are aligned with historical growth patterns. The balance between houses and apartments, with houses being the predominant housing type, also influences the market dynamics. Understanding these factors is key to analysing the long-term potential of Rathmines property.
Rathmines Market Outlook
As of early 2026, the Rathmines property market is assessed to be near its long-term trend, suggesting fair value. Recent price trends have reflected this stability, with prices neither surging nor declining significantly. The ongoing demand for lakeside living continues to underpin the local market.
While market conditions can evolve, the current outlook for Rathmines suggests a continuation of its steady performance. Factors such as interest rates, broader economic conditions, and local development activity will all play a role in shaping the future of the Rathmines property market.
Streets & Location in Rathmines, NSW
Rathmines, postcode 2283, is characterised by its lakeside location and diverse streetscapes. Key streets, as indicated by median price, include CHEAPSIDE ST, DORRINGTON RD, and HARBORNE AVE. These streets represent some of the more desirable locations within the suburb. There are a total of 44 streets within Rathmines, each contributing to the suburb's unique character.
The location of Rathmines on Lake Macquarie provides residents with access to water activities and scenic views. This proximity to the lake is a major drawcard for many seeking a relaxed lifestyle.
Market Dynamics
The Rathmines property market typically sees properties settle in around 45 days on average. This timeframe suggests a relatively efficient transaction process. Currently, we don't have sufficient data to accurately calculate a quick-flip percentage in Rathmines, meaning there isn't enough observed short-term buying and selling activity to produce a reliable statistic.
The average settlement days provide insight into the liquidity and demand within the Rathmines property market. A shorter settlement period can indicate strong buyer interest, while longer periods may suggest a more balanced market.
Development & Density
Rathmines features a mix of housing types, with a relatively lower density of apartment buildings. There are 13 apartment buildings in Rathmines, contributing to the 7.4% strata percentage. This suggests that houses are the predominant housing type in the suburb, contributing to the overall character of Rathmines.
The development density in Rathmines reflects its established residential nature. While there are some apartment options, the suburb primarily consists of detached houses, often with larger blocks of land. This can appeal to those seeking a more traditional suburban lifestyle.
Growth & Property Mix
Rathmines has demonstrated consistent growth over the long term. The 10-year compound annual growth rate (CAGR) is 6.3%, reflecting solid performance over the past decade. Looking further back, the 20-year CAGR stands at 5.7%, while the full-period CAGR, covering the entire 36 years of data, is 6.0%. These figures provide a historical perspective on property value appreciation in Rathmines.
The property mix in Rathmines includes both houses and apartments, with apartments representing 7.4% of the total market (strata percentage). This composition influences the overall median price and growth patterns within the suburb.
All data on this page is sourced from NSW government property sale records. Market analysis, cycle positions, growth rates, and all other metrics are provided for informational purposes only and do not constitute financial, investment, legal, or property advice. Always seek independent professional advice before making any property or financial decisions.
This information is based on historical sales data and does not constitute financial, investment, or property advice. Past performance is not indicative of future results. Always consult a qualified professional before making property decisions.