Newcastle - Central Coast, NSW
Newcastle, already the seventh largest city in Australia, is destined to grow its importance as a regional economy and as a lifestyle city.
It has a rising economy and a growth property market, having benefited from major new projects in the city and the nearby Hunter region.
Extensive urban renewal in the Newcastle CBD is drawing in new corporate trade and tourism, giving Newcastle one of the lowest office vacancy rates in Australia.
Other key projects keeping the Newcastle economy strong include residential construction, upgrades to transport infrastructure and expansion of the Newcastle port.
Newcastle is already the world’s biggest coal export port and major upgrades to export facilities occur regularly. A $1 billion upgrade to the Newcastle Airport and RAAF Base is also under way.
The city presents an appealing formula for property investors: affordable prices relative to Sydney, an overall solid growth record and major impetus from economic activity in and around the city.
This report covers the Newcastle LGA including the suburbs of Adamstown, Adamstown Hts, Cameron Park, Cooks Hill, Fletcher, Hamilton, Kotara, Lambton, Mayfield, Merewether, New Lambton, North Lambton, Newcastle, Newcastle West, The Hill, Shortland, Stockton, Wallsend and Waratah.