Honeysuckle Real Estate Statistics 2018 | Borrelli Quirk Newcastle Real Estate

Honeysuckle Real Estate Statistics 2018

Honeysuckle, NSW, 2300

About Honeysuckle

Honeysuckle is a thriving commercial, retail and residential destination, located adjacent to the CBD. Established in 1992 as a public/private urban renewal project, Honeysuckle is comprised of seven precincts: Carrington, Cottage Creek, Honeysuckle, Hunter Street, Linwood, Marina and Wickham. The main Honeysuckle precinct is located on Honeysuckle drive and is bordered by Merewether St, Hunter St, Hannell St and Newcastle Harbour.

Honeysuckle’s close proximity to the Newcastle CBD and to the harbour makes it a popular choice for professionals looking to combine the best of both worlds. 56% of Honeysuckle’s population are renters, with couples, singles and homesharers making up 65% of all residents. Over half of those living in Honeysuckle identify as managers or professionals, with 52% aged under 45 years of age.

Wiyh easy access to the city, harbour and dining options, it’s no wonder Honeysuckle is providing value to investors. With a gross rental yield of 3.73% and 12 month growth of 11.67%, units in Honeysuckle represent a solid investment. With ongoing developments, including the new University of Newcastle campus, it’s expected that this positive trend will continue into the future, making Honeysuckle an attractive suburb for investors.

Honeysuckle Real Estate Data

Current as of August 2018

Median house price - N/A

Median unit price - $670,000

Median weekly house rental price - N/A

Median weekly unit rental price - $480

Median house rental yield - N/A

Median unit rental yield - 3.73%

12 month growth (houses) - N/A

12 month growth (units) - 11.67%

Average long-term growth (houses) - N/A

Averaged long-term growth (units) - 5.15%

Tips for Selling Real Estate in Honeysuckle

Ensure your property caters to professionals

Honeysuckle is home to professionals, looking for the convenience of city living. To meet market demand (and maximise your sale price), it’s vital to cater to this market. Define a study/office space, declutter your property and create storage solutions to meet the needs of buyers. Ensure you complete all projects so busy buyers are not put off by the idea of a fixer-upper. Make it easy for professionals to choose your property in the Honeysuckle market.

Embrace harbour life

Life by a working harbour is never dull! Make the most of your unique position in Honeysuckle by highlighting the benefits of harbour life. Your property may not feature water views, but you are still close to the harbour and close to the action. Create inviting outdoor spaces and draw the buyers eye to your windows, to take in the view or catch that salty afternoon breeze. Remind buyers of the unique lifestyle they will enjoy in your Honeysuckle property.

Highlight flexible spaces

Inner-city buyers are looking for properties that provide flexible spaces, where they can relax, entertain, work and play. Appeal to these buyers by highlighting the flexibility of your home and how spaces can be enjoyed in multiple ways. Stage your living area with a desk under the window, a recliner to the side and barstools under the kitchen bench to demonstrate the room’s versatility as a place of work, entertaining and relaxation.

Honeysuckle Schools

Public

Catholic

Independent

The Junction PS

Newcastle HS

St Peter's Stockton
St Joseph's Merewether
Holy Family Merewether

San Clemente (7-10)

St Francis Xavier (11-12)

Newcastle Grammar School

St Philip’s Christian College

Hunter Christian School


Honeysuckle Services

Medical

Clubs

Pubs

Hamilton Doctors

Hunter St Medical Centre

Marketown Health

Denison Practice

Newcastle Cruising Yacht Club

Honeysuckle Hotel

Squires Maiden

The Dockyard

The Landing

Clarendon Hotel

 

Landmarks

Parks

Supermarkets

Newcastle Harbour

Honeysuckle Foreshore

Newcastle Museum

Throsby Creek

Cottage Creek

Brake Block Park

Marketown Shopping Centre



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