Newcastle Housing Price Boom to Move Ahead in 2017

Looking for a place to rent, want to buy a home or maybe invest in a home, anything property and housing related should be discussed in this forum.
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Bill
Posts: 34
Joined: Wed Jul 20, 2016 5:58 am

Newcastle Housing Price Boom to Move Ahead in 2017

Post by Bill » Tue Jan 17, 2017 8:16 am

Newcastle is a suburb and also a district,. Newcastle suburb is quite small with house prices there are at a premium as they are close to the beach & city center. On the other hand there are many affordable suburbs that make up the Newcastle district including Hamilton (also getting expensive now), Waratah, Broadmedow, Charlestown , Kotara and the list goes on, all these suburbs are 5 - to 10 minutes from Newcastle center and properties can be found much less than premium prices.
Newcastle - City (3 of 12).jpg
Newcastle - City (3 of 12).jpg (166.64 KiB) Viewed 562 times
Figures show strong growth forecast for Newcastle is already afoot. House prices increased 9.3 per cent in the year to September and 4.2 per cent over the quarter, according to the Domain Regional House Price Report. This is already stronger than Sydney and Melbourne’s latest house price results – up 2.1 per cent and 9.1 per cent over the year respectively.

“Newcastle, particularly, has excellent prospects and is getting strong rental returns at present and lots of infrastructure development happening in the city,” PropertyBuyer managing director Rich Harvey said.

Harvey has been actively buying homes in regional areas – predominantly Newcastle and Wollongong – expecting substantial growth in both.
Newcastle Property market boom FULL ARTICLE: http://www.domain.com.au/news/forget-sy ... 08-gsl0fb/

more info: https://en.wikipedia.org/wiki/Newcastle ... outh_Wales

map of Newcastle district: Google Map



whateva
Posts: 19
Joined: Wed Jul 20, 2016 5:56 am

Re: Newcastle Housing Price Boom to Move Ahead in 2017

Post by whateva » Wed Jan 18, 2017 8:08 am

Sydney is no longer the place to be and we will see many move to better places with much nicer lifestyles than high traffic, smog, pollution, multicultural issues and many more problems caused from mass overcrowding in Sydney.

pet
Posts: 7
Joined: Sun Jan 22, 2017 5:54 am

Re: Newcastle Housing Price Boom to Move Ahead in 2017

Post by pet » Tue Feb 28, 2017 4:07 pm

From what I have been reading Newcastle is going through a major city beautification program. There is new light rail happening and the old factory.rail look in the city has been replaced with a feast of building activity and modern architecture. The University is now centered in the city and that is where all the action is taking place.

Someone mentioned investing is about what type of people will move there. Well how about in demand IT people? Newcastle is to become a major IT hub like Silicon Valley for Australia.

Property prices have starting rising a lot with 11% growth in last year and expectations for this to multiply in coming years. Demand is super high and properties only remain on the market for weeks. Auctions are now nearly as crowded as Sydney.

New industries are springing up and Chinese investors are moving here in droves.

For the doubtful taxi driver who said it is no good as uber is not there, well Uber is in Newcastle now and doing well.

Supercars are coming with millions to upgrade streets for that. Skateboarders love it, surfers rave about it so young people will always be attracted to the place. With the uni and the IT hub it will be attractive for young people who are tired of the Sydney sardine lifestyle wlll move there.

Keep within the Waratah, Lambton and Broadmeadow ares for current best investments and where lots of developments will happen, If you can afford near bar beach then it will always grow rapidly there.

I have just touched the tip of the Iceberg, Newcastle is becoming the next major Australian City. It's happening now.

The beaches are beautiful here and the people very friendly.

I have done a lot of research there and I'm here now in a great place I got last month ;)

Bill
Posts: 34
Joined: Wed Jul 20, 2016 5:58 am

Re: Newcastle Housing Price Boom to Move Ahead in 2017

Post by Bill » Thu Mar 30, 2017 9:54 pm

The surf must be pretty good in Newcastle if it produced four-times world champion Mark Richards. Jennifer Hawkins, the sun-kissed beach-babe model and property investor also hails from the sunny north where a ribbon of sandy beaches stretches along the coast. The beach lifestyle is one of the main drawcards for Sydneysiders considering a sea change. That and its affordability.

Newcastle’s median house price is less than half that of Sydney’s, coming in at $540,500 for the past three months according to Domain Group Data. Phil Spillane of Belle Property Newcastle City says that’s his agency’s most popular price range.

The word is out but it’s not too late. There are still plenty of good buys around.Mark Kentwell, PRDnationwide Newcastle

“We’re getting about 50 per cent of inquiry from the Sydney market,” says Spillane. “Quite a few turn up from Sydney to the Saturday open homes and some even drive up to our mid-week twilight opens.”

Take a look on domain.com.au and you’ll see why. Picture-book weatherboards, surfside apartments and plenty of renovators’ delights sport price guides Sydney had back in the good old days.

Domain Group’s chief economist Dr Andrew Wilson says Newcastle is undergoing a surge in demand. “Prices growth reflects the strong affordability advantages the local market offers over the high-priced Sydney market.”

Newcastle’s renaissance started with government investment in the inner city, according to PRDnationwide Newcastle’s Mark Kentwell. “There’s the light rail project already under way, the opening up of the mall to the harbour and the new state-of-the-art Newcastle University building in the CBD. “The whole area is activated. You can just feel the energy.”

That infrastructure has kick-started investment from local businesses with a slew of cool cafes, wine bars and boutiques. “That’s bringing residents into town creating a buzz,” says Kentwell. In turn, developers are gaining confidence to build beautiful new apartments.

Sydney buyers particularly favour beachside Merewether, Cooks Hills for a Paddington vibe, Hamilton, Maryville and Tighes Hill for family-friendly neighbourhoods.

Top spots include Darby Street for breakfast, The Kiosk and Blue Door for lunch, Welsh Black for coffee and The Koutetsu, Bar Petite or Coal and Cedar for drinks.

On Sunday, Lambton Park will host the Five Senses Twilight Market with live music and street food vendors. Or head to the Olive Tree market in Civic Park next weekend.

Culture vultures note: the Newcastle Writers Festival returns for its fifth year in early April with a line-up including Richard Roxburgh, Mark Colvin, Tara Moss and Michael Leunig.

“The word is out,” warns Kentwell. Sydney buyers are eyeing off their northern neighbour and swapping outlandish mortgages for better lifestyles. “But it’s not too late,” he says. “There are still plenty of good buys around.”
https://www.domain.com.au/news/why-sydn ... 24-guvfeo/

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