True annual cost of living in Freemans Waterhole, NSW 2323
Living in a house in Freemans Waterhole costs about $11,610 a year: council rates, water and sewerage, commute and home insurance combined. Freemans Waterhole sits 25.5 kilometres from Newcastle CBD. Unit costs come in at $11,560, as lower council rates more than offset the $1,800 body corporate levy. At 25.5km from Newcastle CBD, transport mode shifts the annual total by $3,670. The gap widens as commute costs rise.
Lake Macquarie rates (OLG 2024-25 + IPART 2026-27 peg) · average rate
$1,763
Water & sewerage
Hunter Water 2026-27
$1,377
Driving commute
ATO 91c/km · 25.5km from Newcastle CBD · 192 days
$6,070
Home insurance
Estimated · flood Low · fire High
$2,400
Body corporate
Estimated
$1,800
Total annual running cost
$11,610
($968/month)
↑ 15% above Lake Macquarie average
SuburbCost affordability score ●○○○○1.9/10 Poor
Cheaper to run than 2% of Lake Macquarie suburbs. Score blends running cost (50%), schools (20%) and flood & fire risk (30%).
Estimated electricity cost
typical 2-person household
House
$2,342/yr
5,238 kWh
Unit
$1,909/yr
3,929 kWh
Estimated from AER residential benchmarks for Freemans Waterhole's climate zone at 2026-27 regulated prices for its electricity network. Get the free report for a breakdown by your exact number of occupants.
Getting around Freemans Waterhole
within a 2 km walk
Nearest stop
Awaba, 5,606 m away, about a 70 minute walk. It is a train stop.
Supermarkets
0
Cafes
0
Parks
0
Counted from OpenStreetMap via Overpass inside a 2 km walking radius of the suburb centre, built 2026-08-07. Distances are straight line from that centre, so a specific address can be closer or further. Mapping is contributed and can lag a new opening.
Frequently asked questions about Freemans Waterhole
Is it cheaper to drive or take public transport from Freemans Waterhole to Newcastle CBD?
Public transport saves Freemans Waterhole residents $3,670 per year. Annual commute cost by car is $6,070 versus $2,400 by public transport using the Opal network.
What are the council rates in Freemans Waterhole?
Freemans Waterhole falls under Lake Macquarie Council. The average residential rate for 2026-27 is $1,763 per year for an owner-occupied house, based on OLG data uplifted by the council's IPART rate peg. Individual properties pay more or less depending on land value. Unit owners in strata schemes pay $1,763 per year. These figures cover the general rate only and exclude waste and cleansing charges.
What does it cost to run a unit in Freemans Waterhole?
Running a unit in Freemans Waterhole costs approximately $11,560 per year by car or $7,890 by public transport. This includes council rates of $1,763, water and sewerage $1,377, estimated body corporate levy of $1,800, and contents insurance of $550. Body corporate fees vary significantly between buildings. Always confirm the actual levy before purchasing.
Is Freemans Waterhole close to public transport?
The nearest scheduled service to the centre of Freemans Waterhole is Awaba, a train stop about 5,606 m away, about a 70 minute walk. That is measured from the suburb centre, so an individual address can be nearer or further. The commute figure used in the running cost on this page assumes driving, not this service.
What shops and parks are in Freemans Waterhole?
Within a 2 km walk of the centre of Freemans Waterhole there are 0 supermarkets, 0 cafes and 0 parks. These counts come from OpenStreetMap via Overpass, which is contributed mapping and can lag a recent opening or closure.
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Data sources: Council rates: Lake Macquarie rates (OLG 2024-25 + IPART 2026-27 peg). Water: Hunter Water 2026-27. Commute: ATO cents per kilometre rate 2026–27 (91c/km). Insurance: AI-estimated, disclosed as estimate. Schools: ACARA ICSEA 2025. Risk: Fire: NSW RFS Bush Fire Prone Land. Flood: modelled from 30m elevation (topographic). Data updated 2026-07. Cost estimates are for comparison purposes only and do not constitute financial, insurance, or credit advice.