EDITION 15
Ask an Agent: Carrington
Newcastle’s Hidden Gem
ASK AN AGENT
with Brett Bailey
Nestled on a picturesque peninsula with stunning waterfront views, Carrington is a suburb that effortlessly blends historical charm with modern convenience. Its rich maritime heritage is beautifully preserved in its historical architecture and vibrant community spirit, making it a standout destination compared to other nearby areas. Just a short distance from Newcastle’s central business district, Carrington offers the perfect balance of a serene village atmosphere and urban accessibility.
A Property Market on the Rise
Over the past decade, Carrington’s property market has seen remarkable growth. The median sale price for houses has surged by an impressive 137%, now sitting at approximately $1.1 million. Even in the past year alone, house prices have increased by 26.8%, with properties typically selling within 30 days. This upward trajectory reflects strong demand, driven by Carrington’s desirable location and vibrant community appeal. While the broader Australian property market shows signs of cooling, Carrington’s unique attributes may help it remain a hot spot for buyers in the years to come.
Who Calls Carrington Home?
Carrington’s charm attracts a diverse range of buyers. The predominant age group is 20-29 years, indicating a youthful and dynamic demographic. Young professionals are drawn to its proximity to the city center, while families appreciate its community-oriented environment. Investors also recognize Carrington’s potential, as evidenced by the balance of owner-occupied and rental properties. This variety contributes to the suburb’s stable and thriving investment landscape.
Future Developments to Watch
Exciting changes are on the horizon for Carrington, thanks to several upcoming developments. One of the most significant is the Port of Newcastle Development Plan (2023–2028), which aims to expand port facilities and potentially boost local employment and economic activity. This initiative is poised to bring economic benefits and enhance the area’s appeal even further.
Family-Friendly and Lifestyle-Oriented
Carrington offers a host of amenities and community features that make it an attractive choice for families and lifestyle seekers alike:
> Parks and Recreation: With one of the highest percentages of parkland among Newcastle suburbs, Carrington is a haven for outdoor enthusiasts. Its parks provide ample space for recreation and relaxation.
> Community Facilities: The local community center is a hub of activity, hosting events and programs that foster a strong sense of belonging among residents.
> Proximity to Services: Being close to Newcastle’s CBD means easy access to shopping, dining, and cultural venues, enhancing the convenience and vibrancy of life in Carrington.
A Suburb That Truly Stands Out
With its unique blend of historical charm, a thriving property market, and a welcoming community, Carrington continues to capture the hearts of those who seek a vibrant, lifestyleoriented environment. Whether you’re a young professional, a family, or an investor, this hidden gem offers something for everyone, making it one of Newcastle’s most desirable suburbs.