CoreLogic National housing Update May 2018
Make the most of the end of financial year
Top tips for bridging finance
May Market Outlook
Adelaide May 2018
Brisbane May 2018
Cairns May 2018
Canberra May 2018
Darwin May 2018
Gold Coast May 2018
Melbourne May 2018
Newcastle May 2018
Perth May 2018
Regional NSW May 2018
Regional QLD May 2018
Regional SA May 2018
Regional VIC May 2018
Sydney May 2018
Tasmania May 2018
Wollongong May 2018
CoreLogic NSW housing Update May 2018
CoreLogic QLD housing Update May 2018
CoreLogic SA housing Update May 2018
CoreLogic VIC housing Update May 2018
CoreLogic WA housing Update May 2018
Costs of purchasing a home
4 tips for investing in property
5 things to consider when leasing business equipment
Newcastle May 2018
The month in review: Newcastle
By Herron Todd White
Do you want to have BBQs on your balcony while taking in all the beach has to offer, or perhaps you would prefer to park your boat up to your own private jetty on the lake for the afternoon? Perhaps inner city living is what you prefer close to the cafés and restaurants or maybe wine is your thing and you are dreaming of a country manor in the vineyards complete with your own vines. These are the options prestige buyers have when looking at properties in the Hunter.
If the beach is where you want to be, the Newcastle suburbs of Bar Beach and Merewether are the two most prestigious suburbs in town. Prestige dwellings taking in views of the water and sand will set you back anywhere between $3.5 million and $5.5 million depending on condition, features, view and distance from the beach. Moving back a block or two and buyers can still pick up a property between $2.5 million and $3.5 million with great features and within walking distance of the beach but without the view. Beachside suburbs further from Newcastle’s CBD such as Redhead, Stockton, Caves Beach and the region of Port Stephens offer a cheaper beachside alternative which would be still classed as prestige for the area at between $2 million and $3 million. There are also a few suburbs that offer coastal views but are not in walking distance to the beach, such as Merewether Heights, Whitebridge and Dudley.
Newcastle’s inner city suburbs of Cooks Hill, The Hill and Newcastle East are the pick of the bunch when looking for a prestige lifestyle close to town, with a number of prestige modern units and townhouses available over the $2 million mark and a few houses on larger lots available between $3 million and $4 million.
The shores of Lake Macquarie offer a unique opportunity for prestige buyers in the Hunter to own their own absolute waterfront property and suburbs such as Eleebana, Valentine and Belmont North are the most popular. With sweeping views of the lake and private jetties, at prices between $2 million and $4 million, this area is very popular for those prestige buyers with a nautical passion.
Last but not least, the Hunter region is home to some of Australia’s best vineyards and wineries and for those prestige buyers looking for a more rural lifestyle there are some amazing country manors with large parcels of land available in the Hunter Valley. $2 million would be entry level for a prestige home in this area.
The Hunter region is unique in that it can offer the prestige buyer a variety of lifestyles. Although the beach suburbs of Merewether and Bar Beach are certainly the leaders of the pack when it comes to prestige suburbs, there are other options. Whether they be lakeside, country side or inner city living, the choice is there.
DISCLAIMER: The information contained in this article is correct at the time of publishing and is subject to change. It is intended to be of a general nature only. It has been prepared without taking into account any person’s objectives, financial situation or needs. Before acting on this information, Smartline recommends that you consider whether it is appropriate for your circumstances. Smartline recommends that you seek independent legal, financial, and taxation advice before acting on any information in this article.