Newcastle - Central Coast, NSW
Newcastle has a rising economy and property market, having benefited from major new projects in the city and the nearby Hunter region.
The city has delivered solid capital growth over the past three years and in the past 12 months numerous Newcastle suburbs recorded double-digit median price growth, with North Lambton leading the pack with a 23% increase.
Key projects keeping the Newcastle economy strong include the CBD revitalisation, 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 under way also.
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.
Newcastle & the Central Coast region were featured in November 2018.