The month in review: Newcastle

By Herron Todd White
May, 2010

The suburb of Windale is generally considered to contain some of the most affordable detached housing in Newcastle. Windale is an established residential suburb located approximately 14 kilometres by road southwest from the CBD. Housing generally dates from the 1950s through to the 1970s, and is of a lowset timber or fibro construction. These homes generally provide three bedroom plus one bathroom accommodation, and are priced from $180,000 to $295,000. Rents average between $250 and $300 per week. This area is popular for investors looking for a good rent return and low capital cost.

The Hill is an inner city suburb and is generally considered to contain some of the least affordable detached housing in Newcastle. Residential development comprises a mix of detached houses and unit/townhouse developments with many properties having city, ocean and/or harbour views. The CBD, schools, popular Darby Street restaurants and Newcastle Beach are all within walking distance.
Housing dates from the late 1800s and much of it has some heritage significance. Prices start at $500,000 for a small cottage on a small lot without views, and go through to the $2 million-plus bracket for large houses with views. Rents range upwards from $600 per week. This area is popular with high income-earning owner-occupiers.

Please note that information in this publication is subject to change without notice. Smartline assumes no responsibility for any errors, omissions or mistakes in this document. © 2009 Smartline Home Loans P/L. ABN 38 085 370 270