The Junction Suburb Profile
The Junction is a vibrant and desirable suburb known for its convenient location, beautiful residential properties, and a thriving local community. Situated just a few kilometres from Newcastle's CBD and the stunning beaches of the region, The Junction offers residents a perfect balance between suburban tranquillity and urban amenities. With its charming streets, excellent schools, and a wide range of dining options, The Junction has become a sought-after destination for families, professionals, and individuals looking for a relaxed and convenient lifestyle.
The Junction Property Market Guide
Property Types: The Junction is home to a wide variety of property types. The immediate vicinity around the Junction Village is dominated by smaller block, miners cottages and older style 2 bedroom walk-up unit complexes while some properties south of Glebe Road find themselves on 350-500m2 of land. There are only 431 street addresses in The Junction, which gives you a sense of how small the suburb really is (Merewether has 3,505 house addresses and nearly as many unit addresses).
Median Property Value: The median value of residential property in The Junction is consistently strong, reflecting the desirability of the suburb. As of the most recent data, the median house price in The Junction is around $900,000 (taking into account the unit & townhouse market as well), making it an affluent neighbourhood with attractive housing options. With its inner city location and abundant lifestyle attractions, The Junction property market has shown steady growth over the years. Data suggests that it has been (and will continue to be) an excellent long-term investment option for homeowners and investors alike.
Rental Prices: Rental properties in The Junction are in high demand due to the suburb's popularity and proximity to amenities. The median rental price for houses in The Junction is approximately $700 per week, reflecting the quality of the housing and the desirable lifestyle on offer. Renters can find a range of options, from cozy apartments to spacious family homes, catering to diverse needs and preferences. The larger the home, the higher the rent commanded, with some homes leasing for over $1,000 a week.
Future Growth Prospects: The Junction is poised for future growth due to its favourable location and ongoing development in the surrounding areas. As part of the Newcastle region, which is experiencing significant urban renewal and infrastructure improvements, The Junction stands to benefit from these positive changes. The suburb's desirability, coupled with its proximity to employment hubs and recreational areas, makes it an attractive choice for individuals and families seeking a prosperous and connected community.
Schools
The Junction is home to several reputable schools, ensuring quality education options for families in the area. Some notable schools include:
Distance to CBD and Beach
The Junction enjoys a prime location, being approximately 3 kilometres from Newcastle's CBD and just a short distance from the stunning beaches of the region. Residents have easy access to the city centre for employment, shopping, and entertainment, while the beautiful coastline is perfect for outdoor activities and relaxation.
Local Cafes, Bars, and Restaurants
The Junction boasts a thriving dining scene, offering a variety of cafes, bars, and restaurants to cater to different tastes. Some popular establishments include:
Public Spaces
The Junction offers residents a range of public spaces to enjoy outdoor activities and community events. Some notable public spaces include:
Gregson Park: A local park with playgrounds, sports facilities, and shaded areas.
Nesca Park: A small, tranquil park perfect for a peaceful retreat.
With its desirable location, strong property market, excellent schools, proximity to the CBD and beaches, and a thriving dining scene, The Junction NSW 2291 continues to be a sought-after suburb that offers a high quality of life for its residents.
It's important to note that real estate market conditions can change over time, so it's advisable to consult with local real estate professionals or do further research for the most up-to-date information. You can contact us here if you have any questions specific to the The Junction market.