MEREWETHER 2291, NSW

    Where is Merewether located?

    Merewether is a beautiful beachside suburb of Newcastle and located 3km from Newcastle’s Central Business District with a population of around 11,000. The suburb stretches 3 km from Merewether Beach in the east to Adamstown in the west.

     

    What housing types are predominant?

    Federation Period homes are popular and there is a wide mix of housing styles with new Architectural homes & town homes dotted through the suburb along with a variety of older & newer townhouses & apartments providing a wide mix of housing types for all age groups. 57% are Houses, 13% semi-detached, 20% units, other/commercial 10%

    Age mix for the suburb is 0 to 29yo is 40%, 30 to 49yo is 26%, 50 & above is 32% so is a very attractive suburb for all age groups

     

    What attracts home buyers & investors to Merewether?

    If any suburb characterises the Sea Change, and the transformation of Newcastle, it is Merewether.

    Once a working class, mining village, Merewether is now blue-chip real estate and has become arguably the region’s most sought-after residential suburb.

    It is located approximately three kilometres from Newcastle’s CBD and is bordered by pristine beaches, Bar Beach, The Junction, Adamstown and Merewether Heights.

    According to Residex, Merewether experienced market growth of around 31 per cent from August 2016 to August 2018. While dropping back marginally in 2019 by 1.2% it is predicted to have an annual growth rate of 8% to 10%pa over the next 8 years.

    Locals have always known how good Merewether beach is and in 2018 it had the honour of being named “best city beach” in Australia. The new Bathers Way walk that runs from Merewether Beach past Dixon Park to Bar Beach continuing to Newcastle Beach & Nobbys Beach is thriving with activity day & night & the area has a great energy about it.

    Highly regarded schools, proximity to The Junction Shopping Village, cafes, restaurants and bars makes this laid-back suburb very popular.

    Merewether includes some of Newcastle’s most famous beaches, including Dixon Park beach, Merewether beach and the more isolated Burwood beach, which leads to Glenrock Lagoon.

    It also features the iconic Merewether Ocean Baths, the largest ocean baths in the Southern Hemisphere, Merewether Surf Life Saving Club, the Hunter’s oldest lifesaving club, and the Merewether Surfboard Club, the most successful board riders club in Australia.

    The suburb is also home to four-time world champion Mark Richards, one of several world-class surfers to have honed their skills at the Merewether break.

    Merewether, once serviced by tramways to the city and today by buses, has excellent road connections to all sections of Newcastle. Its oldest mansion is Hillcrest, originally home to the Merewether family.

    Only 33% of properties in Merewether are rented so owner occupied dominated, hence good rental properties tend to lease quickly.

     

    Restaurants, Shops & Entertainment

    Llewellyn Street is home to a number of mixed businesses, a post office and Souths Leagues club. Parts of Merewether also have easy access to The Junction commercial area with Boutique shops, café’s, restaurants and Banks plus a shopping mall including a Coles Supermarket. The ‘Surf house’ right down on Merewether Beach is very popular for dining & entertainment as is the famous Beaches Hotel along with The Burwood Hotel & The Junction Hotel nearby

     

    Sports, Fitness & Health

    Merewether has a number of local parks, including Dixon Park near the beach, Empire Park, Mitchell Park, Campbell Park and Charlotte Street Reserve. Some of these parks include barbecue facilities and playground equipment. Merewether Golf Course is located on the border of Adamstown and there is a quality sports ground Townsend Oval popular for Cricket & Rugby which currently has a new small stadium/covered seating area being constructed. The area is also home to parts of picturesque Glenrock State Recreation Park, which provides walking trails and picnic facilities and as noted Bathers Way Walk is a popular walk, ride or running trail looking over the ocean and of course surfing is very popular as is kite surfing here along with the huge renewed Merewether Baths a popular drawcard for families & all ages.

     

    Schools & Educational

    Merewether Public School is on Glebe Road and Merewether Heights Primary is located on Scenic Drive. St Joseph's Primary School is in the Junction and the Holy Family Primary School is located near Merewether Beach. Newcastle Grammar School on Union Street is also located in the neighbouring suburb.

     

    What can my money buy in Merewether?

    House prices showed more resilience in Merewether during the slowdown in Sydney. Largely due to limited supply of houses, lifestyle amenities, affordability & its central & convenient location and access to schools, and it is still very much in demand. Residex notes Only 0.65% of houses in the suburb are currently on the market with an average time of 43 x days on the market and Growth has been consistently healthy for houses averaging at 6.5% p.a for the last 10 x years.

    Residex notes the median house price now sits at around $1.32m, although sales prices do vary dramatically depending on features and land/property size. Around $1.2m to $1.6m will buy you a 3 - 4 bedroom home, often renovated on btw 400m2 to 700m2 with parking. For example, a three-bedroom, 2 x bathroom freestanding fully renovated Federation home with garaging for up to 4 x cars on over 650sqm recently sold for around $1.48m but the suburb also has many excellent value for money homes & a 2 bed unrenovated Federation style brick home on 338m2 recently sold for $900,000 with also high end homes available with a near new Architect style Freestanding home with plunge pool 500m to the beach selling for $1.7m.

    Growth has also been consistently healthy showing 5.6% p.a for the last 10 x years for units and median unit price now sits at around $600,000 & some recent sales have ranged from $382,500 for a 1 bed unit to $455,000 to $650,000 for 2 bedroom units.

     

    Buyers' Agent for Merewether?

    To get a buyers’ agent / advocate on your side searching for a property in Merewether, 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 Merewether, call us today on 1300 655 615.

     
     

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