The Junction could be thought of as the Bondi Junction of Newcastle. Only 6 minutes from the centre of the city and well served by local shops, cafes, a private hospital close by.
Dwelling types are evenly split in The Junction with a variety of older & newer semi-detached, detached dwellings and units. 42% of dwellings in the area are houses. 20% semi-detached 27% are units, 11% is other/commercial. Age mix for the area is 0 to 29 yo 38%, 30 to 49 yo is 25%, 50 & above is 37%.
According to Residex, The Junction experienced market growth of around 40.4% from March 2015 to February 2020. Homebuyers like The Junction for the quality of schools and its local prestige. Investors like it for its consistent growth and future prospects.
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 which is also served with its own train station. The local “Civic Theatre” attracts all kinds of touring acts and shows like National Comedian Jimoin. The Junction is serviced by its own private hospital and its own shopping village. Add that to the fact that you’re only 5 minutes from the beaches and you can see why it’s so in demand.
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 Reserve” 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 Newcastle Grammar has quiet prestigious reputation. Newcastle also boasts two selective state schools with The Hunter School of Performing Arts having produced some high-quality professional talent and Merewether High being Newcastle’s equivalent of James Ruse. The Junction public school is considered one of the best primary schools either public or private in Newcastle.
Price growth in recent years has been big in The Junction with prices increasing 49.2% in the five years to now for houses and 44.8% for units. Residex notes that .5% of properties in the suburb are currently on the market with an average time of 5 days on the market.
Residex notes the median house price now sits at around $1,352,000 for houses. The median unit price is $671,000 in The Junction.
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 The Junction, 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 The Junction, call us today on 1300 655 615.
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