EDITION 12
Local Insights:
Cameron Park & Surrounds
Situated around 16 kilometres west of the Newcastle CBD lies Cameron Park – a relatively new suburb, having first been developed around the year 2000.
Cameron Park and its surrounding suburbs have become a haven for young families looking to establish themselves in their first or second home, whether it be a new build or established within the last 10 – 20 years.
Many are looking towards these areas either because they want larger homes on decent sized blocks, or because they are commuting to Sydney or even the Hunter Valley mines for work and prefer to live on the outskirts of Newcastle. Cameron Park also has its own shopping centre, as well as the Pasterfield Sports Complex with an oval, playground, netball courts, skate park and fitness equipment. Schooling options are in nearby Edgeworth and West Wallsend.
Nearby areas like Barnsley, Holmesville and West Wallsend offer a semi-rural lifestyle, with large blocks of land and plenty of space for growing families.
The highest average house sale in recent times was $873,000 in Cameron Park, while units in West Wallsend sell for an average of $491,250. Homes in Cameron Park can expect to return on average around 3.85%, while units in the same suburb average 5.46% returns.
HIGHLIGHTS
Cameron Park Plaza | Edgeworth Town Square | Cameron Park BMX Track | Sugar Valley Golf Club | Pasterfield Sports Complex | Newcastle Kart Racing Club | Edgeworth Miniature Steam Trains | West Wallsend Swim Centre | 30 min drive to Newcastle beaches | 15 mins drive to Lake Macquarie Esplanade
HOUSES
Median House Price
Cameron Park
$873,000
Best Return on Investment
West Wallsend = 4.26%
Edgeworth = 4.21%
Holmesville = 3.88%
UNITS
Median Unit Price
Cameron Park
$640,000
Best Return on Investment
Cameron Park = 5.46%
Edgeworth = 4.56%
West Wallsend = 3.49%
Jackson Manning
Licensed Real Estate Agent
Phone 0406 242 784
Joshua Mortel
Residential Sales Consultant
Phone 0431 427 157