Situated next to the CBD and right on the beach, Newcastle East is a small inner-city enclave, combining historic landmarks with modern beachside living. Bordered by Newcastle CBD to the west, the Tasman Sea to the east, Newcastle Harbour to the north and Newcastle Beach to the south, this small area is home to some of the most stunning views in the Newcastle LGA.
Home to just under 1,000 people, Newcastle East is dominated by professionals and individuals, with 60% renting in the suburb. The median age of residents is 41 years, with a median household income of $1,168 for the suburb and an average monthly mortgage repayment of $2,375.
A unique mix of historic terraces and modern unit living, there’s strong demand for rental property in Newcastle East, resulting in long term growth of 5.71% for units. With few houses available in an already small market, there is little reliable data available on house prices. However, with limited supply, demand in the housing market is always strong.
Newcastle East Real Estate Data
Median house price - N/A
Median unit price - $1,054,000
Median weekly house rental price - N/A
Median weekly unit price - $500
Median house rental yield - N/A
Median unit rental yield - 2.47%
12 month growth (houses) - N/A
12 month growth (units) - -7.54%
Average long-term growth (houses) - N/A
Averaged long-term growth (units) - 5.71%
Tips for Selling Real Estate in Newcastle East
Highlight modern features, especially convenient & smart home features
Ensure you highlight the modern features of your home to potential buyers, who are largely busy professionals. Most purchasers in Newcastle East are looking for convenience and value smart features to make their lives easier, such as integrated sound systems, security alarms and smart door locks. They prefer properties that are finished, ready to move into and able to fit into their busy lives so, make the choice to buy your property easy, by highlighting these features.
Make the most of your outdoor space
With such a small geographical footprint, outdoor space in Newcastle East is a valuable commodity. Make the most of your outdoor space by setting up decks and balconies to their best advantage. Ensure outdoor furniture isn’t too large for the space and make sure it’s set up to take in the best view or in a position to catch the seabreeze. If you don’t have a view, fill your deck or balcony with greenery or potted colour to create an outdoor focal point.
Embrace the harbour or beach lifestyle
You can smell the salty sea air from any point in Newcastle East, so embrace it! Your property may not feature harbour or ocean views, but you are still close to the water and part of an exclusive beach lifestyle. Emphasise the many advantages of being near the harbour or beach, while in close proximity to the CBD. Create inviting outdoor spaces and draw the buyers eye to your windows, to take in the view or catch that salty afternoon breeze.
Newcastle East Schools
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Public |
Catholic |
Independent |
|
Newcastle East 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 |
Newcastle East Services
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Medical |
Clubs |
Pubs |
|
Hunter Institute for Mental Health The Medical Practice Newcastle |
Nobbys Surf Lifesaving Club |
Newcastle Beach Hotel Noah’s on the Beach |
|
Landmarks |
Parks |
Supermarkets |
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Foreshore Park Fort Scratchley Nobbys Headland Horseshoe Beach Newcastle Beach Nobbys Beach Newcastle Ocean Baths The Bogey Hole |
Pacific Park Parnell Park South Newcastle Beach Skate Park |
Foodworks Marketown Shopping Centre |
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