SUBURB SNAPSHOT: Newcastle

Located two hours north of Sydney at the mouth of the Hunter River and surrounded by pristine beaches, Newcastle has a long heritage as an industrial and harbour city but is now in the midst of a period of renewal and reinvention.

The city is defined by landmarks such as Christ Church Cathedral and Fort Scratchley as well as natural assets like Nobbys headland and King Edward Park.

LIFESTYLE

To locals, the relaxed, coastal lifestyle on offer in Newcastle is no secret, but word has gotten out.

It made Lonely Planet’s top-10 cities in recent years and hosting the Supercars 500 event last year put Newcastle on the world map as a tourist destination.

A luxury cruise terminal and airport which will soon have international flights also makes it an accessible destination for many.

FROM THE EXPERTS

- Presented by Matthew Waddell, general manager Robinson Property

Newcastle is starting to realise its true potential with all the key indicators for growth being ticked. This includes government spend on infrastructure, massive amounts of private investment in new commercial and residential developments, close proximity to major health facilities and Newcastle University expanding its city campus.

Purchasers are locals that love the area and can see the changes and interest has increased from Sydney investors over the past two years who recognise the potential for growth with relatively low median prices.

New developments and existing properties in Newcastle cater for most budgets whether it be a first home buyer in a one or two-bedroom apartment up to multi-million dollar penthouse apartments overlooking the beach or the harbour.

Newcastle is firmly on the map for out-of-town investors and demand is expected to remain strong.