Local Insights:
City & Beaches

As the name suggests, the City & Beaches precinct encompasses much of the Newcastle CBD and the city’s fringe, as well as our beautiful beach suburbs from Nobbys right across to Merewether.

With easy access to all the CBD has to offer, from the cafe and restaurant hub of Darby Street, boutique shopping within the East End, Honeysuckle nightlife and cultural attractions like the Newcastle Regional Art Gallery or Newcastle Museum, it’s no wonder that more and more newcomers are looking to purchase property within the heart of Newcastle.

Those looking for apartment living have plenty of options, with a number of new buildings having reached completion within the East End or Honeysuckle.

The ability to walk or ride almost anywhere is a major drawcard for young couples or retirees. On the other hand, families who want both the close proximity to good schools and all the city has to offer are looking towards suburbs like Cooks Hill, The Junction or Merewether. These suburbs are some of Newcastle’s oldest, offering a mixture of period-style homes on large private blocks, mixed with newer modern builds as you venture closer to the beach.

Median prices within these suburbs range from $1.5 million to $3.5 million for houses, or $668,000 – $2.2 million for units, depending on the suburb. As an example, the highest average return on investment for houses in Cooks Hill is currently around 2.51%, while apartments within Newcastle CBD are expected to return up to 4.65%. Buyers looking for top end properties that tick all the boxes – great streets, privacy, views and a central location – can look no further than the City & Beaches precinct.