Fishing Point vs Wangi Wangi: true annual running costs compared (2026)
Last updated July 2026 · council rates current NSW schedules, ATO 88c/km, Opal & Translink fares, AER electricity benchmarks
Fishing Point and Wangi Wangi are both Lake Macquarie rates (OLG suburbs, sitting 97.4 km and 95.4 km from Sydney CBD respectively, and are commonly compared by buyers weighing up running costs within the same council area.
The two sit within $216 a year of each other to run, so running cost is a minor factor here — the decision comes down to schools, risk and lifestyle, all in the free report.
Over 10 years these two cost about the same to run. The difference here isn't money — it's location, schools and lifestyle.
Get the free report: 10-year costs, flood & fire risk, crime, schools and overall verdict →Fishing Point
Wangi Wangi
Annual cost breakdown
| Category | Fishing Point | Wangi Wangi | Difference |
|---|---|---|---|
| Council rates | $1,763 | $1,763 | - |
| Water & sewerage | $1,377 | $1,377 | - |
| Commute (driving) | $4,114 | $4,030 | +$84 |
| Commute (public transport) | $2,400 | $2,400 | - |
| Home insurance | $2,800 | $3,100 | -$300 |
| Body corporate (unit) | $1,800 | $1,800 | - |
| Total (driving) | $10,054 | $10,270 | -$216 |
| Total (public transport) | $8,340 | $8,640 | -$300 |
Green = cheaper. Commute: ATO 88c/km, 220 working days. Insurance AI-estimated; actual premiums vary. Council rates: average residential rate (NSW, IPART-uplifted).
| Dwelling | Fishing Point | Wangi Wangi | Difference |
|---|---|---|---|
| House | $2,148 | $2,148 | - |
| Unit | $1,716 | $1,716 | - |
Estimated from AER residential benchmarks for each suburb's climate zone at 2025 rates (QLD 30c/kWh, NSW 33c/kWh incl. supply charge; unit ≈ 75% of a house). Get the free report for a breakdown by your exact number of occupants.
Cost breakdown chart
Annual cost breakdown — Fishing Point vs Wangi Wangi (2026-27)
What the numbers show
Fishing Point and Wangi Wangi cost within $216 of each other annually by car. Over ten years with 3% annual growth the gap reaches roughly $2,476, making running cost a minor factor in the decision.
The biggest single gap is home insurance at $300 per year. Wangi Wangi carries high flood risk, which pushes estimated premiums higher.
On public transport the gap is $300 per year, $8,340 from Fishing Point versus $8,640 from Wangi Wangi.
10-year cumulative cost projection
| Year | Fishing Point cumulative | Wangi Wangi cumulative | Difference |
|---|---|---|---|
| Year 1 | $10,054 | $10,270 | $216 |
| Year 3 | $31,076 | $31,744 | $668 |
| Year 5 | $53,378 | $54,525 | $1,147 |
| Year 10 | $115,258 | $117,734 | $2,476 |
Assumes 3% annual cost growth. Excludes purchase price, mortgage, and personal expenses.
Frequently asked questions
Is Fishing Point or Wangi Wangi cheaper to live in?
Fishing Point is cheaper to run by car at $10,054 per year versus $10,270 for Wangi Wangi, a difference of $216 annually. Figures cover council rates, water, commute (ATO 88c/km), and home insurance. Source: SuburbCost 2026 data.
What are council rates in Fishing Point and Wangi Wangi?
Annual council rates for a house are $1,763 in Fishing Point (Lake Macquarie rates (OLG) and $1,763 in Wangi Wangi (Lake Macquarie rates (OLG). Water and sewerage adds $1,377 in Fishing Point and $1,377 in Wangi Wangi. Both figures are the average residential rate reported to the Office of Local Government, uplifted by each council's IPART rate peg.
How does the commute cost compare between Fishing Point and Wangi Wangi?
Annual driving commute costs are $4,114 from Fishing Point and $4,030 from Wangi Wangi to Sydney CBD (ATO 88c/km). Public transport costs $2,400 from Fishing Point and $2,400 from Wangi Wangi.
What is the 10-year cost difference between Fishing Point and Wangi Wangi?
At 3% annual cost growth, Fishing Point costs a cumulative $115,258 and Wangi Wangi costs $117,734 over 10 years by car. The cumulative difference is $2,476 in favour of Fishing Point. Excludes purchase price, mortgage, and personal expenses.
Which of Fishing Point and Wangi Wangi is best to actually live in?
You've got the costs. Get the free personalised report for the rest: a clear verdict on which suburb wins, the full flood, fire and crime risk profile, nearest schools, estimated electricity cost by number of occupants, and your own loan or rent stress-tested over 10 years. No spam.
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Sources: Lake Macquarie rates (OLG and Lake Macquarie rates (OLG rate data, water utility pricing (QLD: Queensland Urban Utilities / Unitywater; NSW: Sydney Water / Hunter Water), ATO 88c/km, and SuburbCost AI insurance estimates. Data updated July 2026.