Newcastle September 2017

The month in review: Newcastle

By Herron Todd White
September 2017

Newcastle has traditionally been a working class city with reasonable housing prices, but as the Sydney market has become increasingly difficult to near on impossible for new investors and new homebuyers, Newcastle has felt the effects and demand is pushing prices.

Newcastle homebuyers are now moving further out into developing suburbs like Thornton and Fletcher. Some home buyers however are investing in smaller older homes in the traditionally cheaper suburbs and choosing the renovation option. Carrington is one of these suburbs.

Not many suburbs epitomized Newcastle’s working class image more than Carrington, with much of the suburb zoned industrial and Newcastle’s major wharf located on the North side, Carrington has always been a blue collar suburb, however that is changing and homebuyers are moving in.

With its close proximity to the city, beaches, schools, numerous parks and most of all affordability, Carrington has become trendy to families and first home buyers not wanting to live in attached dwellings or move to the outer suburbs.

Older inner city suburbs like Carrington are seeing rejuvenation as home buyers are turning old into new again. On the flip side to this, those not wanting to renovate are still finding homes in the outer suburb estates or inner city duplex’s and townhouses that seem to be popping up everywhere.

Even though housing prices are certainly increasing the dream is still very much alive and achievable in Newcastle for those wanting their own home. Whether it’s old or new, it’s up to you.

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