Just 15 minutes west of the centre of Newcastle Kotara is the main shopping precinct for most novocastrians.
Houses are by far the most common dwelling style dominating Kotara with only a very small amount of semi-detached dwellings. 82% of dwellings in the area are houses. 6% are semi-detached and only 4% units, 8% is other/commercial. Age mix for the area is 0 to 29 yo 36%, 30 to 49 yo is 26%, 50 & above is 28%.
According to Residex, Kotara experienced market growth of around 26.1% from March 2016 to February 2020. For home buyers and investors alike the reason is the same: It’s proximity to the shopping complex and hospital.
Newcastle provides a wide variety of options for home buyers and investors. If you’re looking for a place that’s easy to make things work for everyday activities (stress free) - work, leisure, after school activities, clean beaches, nice daycares that are easily accessible, and still free parking around some of the best beaches in NSW or Australia and into discovering all the new cafe’s dotted in almost every suburb ( Adamstown, Broadmeadow, Merewether, Junction, Barbeach/ Cookshill) then Newcastle or “Newy” is the city for you.
The area is also well served for amenities: there are a wide range of cafés and restaurants on Beaumont and Darby streets but if you want something by the water try Honeysuckle. For shopping only 12 minutes from the city is Westfield Kotara with cinemas and its own entertainment area. Kotara is also served with its own train station. The local “Civic Theatre” attracts all kinds of touring acts and shows like National Comedian Jimoin.
King Edward Park is a large park overlooking the city and Pacific Ocean. Take a walk from Honeysuckle along the foreshore all the way along the break wall past the Nobby’s Lighthouse. Newcastle also has its own state reserve named “Blackbutt” after the trees that grow there.
Newcastle boasts some of the most well serviced schools in the state with also many private and Catholic options. The Junction Primary is locally renowned for its terrific culture and New Lambton Grammar has quiet prestigious reputation. New Lambton also boasts two selective state schools with The Hunter School of Performing Arts having produced some high-quality professional talent and Merewether High being New Lambton’s equivalent of James Ruse.
Price growth in recent years has been big in Kotara with prices increasing 26.1% in the four years to now for houses and 16.3% for units. Residex notes Only 0.43% of properties in the suburb are currently on the market with an average time of 15 days on the market.
Residex notes the median house price now sits at around $645,000 in Kotara and the Median unit price is $450,000.
Kevin Mason is our local expert Buyers Agent in the area. With exceptional local knowledge, Kevin is the best buyers advocate to have on your side searching for a property in Kotara, please call us on 1300 655 615, email us, or send us your buyers wishlist today by clicking here. If you would like to know the latest median values and statistics for Kotara, call us today on 1300 655 615.
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