Newcastle East Suburb Profile
2023 Suburb Profile: Newcastle East, NSW 2300
Newcastle East, located in New South Wales, is a vibrant and highly sought-after suburb known for its coastal beauty and close proximity to the Newcastle CBD. This beachside suburb offers a mix of historic charm, stunning ocean views, and a lively atmosphere. With a range of amenities, including schools, dining options, and public spaces, Newcastle East provides residents with a desirable coastal lifestyle.
Newcastle East Property Market Guide
Property Types: When walking the streets of Newcastle East, you’ll find that the majority of the low-density property is in the form of terrace housing. These terraces were built as early as the mid 19th century, making them over nearly 150 years old. You will also find some higher density apartment type living on the waterfront, specifically on Shortland Esplanade, Zaara Street and Scott Street.
Median Property Value: The median value of residential properties in Newcastle East is around $1,150,000. Freestanding houses and larger terrace style properties can be worth much more, while some apartments can be purchased for less than $1,000,000. Please note that property values may vary, and it's recommended to consult with local real estate professionals for the most up-to-date information.
Median Rental Prices: The median rental price for properties in Newcastle East is approximately $700 per week. Rental prices can be much less, however can also top $1,000 per week. Again, these figures are subject to change, and it's advisable to verify with local real estate agents.
Future Growth Prospects: Newcastle East has promising growth prospects due to its prime location and ongoing revitalization efforts. The suburb benefits from its proximity to the Newcastle CBD and the increasing demand for beachside living. Continued infrastructure improvements and urban renewal projects in the area are expected to contribute to the growth and desirability of Newcastle East in the coming years.
Schools
Newcastle East is home to several reputable schools, ensuring quality education for residents. Here are some notable educational institutions in and around the suburb:
Distance to CBD and Beach
Newcastle East is located approximately 2 kilometres east of the Newcastle CBD, making it easily accessible for work and business opportunities. It’s also renowned for its stunning coastal location, with Newcastle Beach being the closest beach, offering residents the chance to enjoy the sun, sand, and surf just moments away.
Local Cafes, Bars, and Restaurants
Newcastle East boasts a variety of dining options, ranging from comfortable cafes to vibrant bars and restaurants. Here are some popular establishments nearby:
Public Spaces
Newcastle East offers residents and visitors numerous public spaces to relax, explore, and enjoy outdoor activities. Some notable public spaces in the suburb include:
King Edward Park: A picturesque park with breathtaking ocean views, walking paths, picnic areas, and a children's playground.
Newcastle Ocean Baths: Iconic ocean baths featuring historic art deco pavilions and offering a unique swimming experience right by the ocean.
Newcastle Foreshore: A vibrant waterfront area featuring landscaped parks, bike paths, cafes, and panoramic views of the harbor.
Horseshoe Beach: A popular beach known for its calm waters, ideal for swimming, and a great spot for families to enjoy a day by the sea.
Newcastle East Heritage Walk: A heritage trail that takes you through the historic sites and landmarks of the suburb, showcasing its rich history and architectural beauty.
It's important to note that real estate market conditions can change over time, so it's advisable to consult with a local Newcastle Buyers Agent or do further research for the most up-to-date information. You can contact us here if you have any questions specific to the Bar Beach market.