This site uses cookies to shape your online experience. Read more

Buying in sister suburbs

03/09/2020

Buying in surrounding suburbs could be a more affordable option than inner city living.

Property How to buy your first home by 22 One young couple's journey to becoming home owners.
Property How to save for a deposit A handy guide on where to start when saving for your first home.
Property Guide to family guarantee See how your family could help you into the property market sooner by going guar...

Looking at where you could buy your first home? Newcastle’s surrounding suburbs might be a more affordable option to break into the property market without compromising on lifestyle. Here are a few of Newcastle’s neighbouring suburbs that could get you close to the action of inner city living minus the postcode price tag. 

Why not Wallsend?

With the Hunter Express Way and the University of Newcastle right on its doorstep, this sleepy little suburb has more appeal than might first meet the eye. Surrounded by history, this former mining town is a gateway into Newcastle and offers easy access to great cafes and outdoor activities like golf or exploring the nearby Hunter Wetlands.

Suburb standout: Historic charm. The town was initially established in 1860 to house miners arriving from Scotland, England and Wales after the Wallsend Coal Company opened. Remnants of the past still exist around the area – from heritage detailing in houses, to sculptures and historic town buildings.

Median house price: $525,000*

Median unit price: $436,150*

Consider Cardiff South

Just a hop, skip and a jump away from sought after suburbs including Kotara and Adamstown, Cardiff South offers affordable prices without compensating on location. With shopping centres and beautiful beaches just minutes down the road, you won’t miss out on any of the action and could save yourself thousands.

Suburb standout: Convenience. Take your pick between spending your spare time at the beach, enjoying the Lake Macquarie waterfront or exploring Glenrock State Conservation Area. Errands to run? No problem – duck to Charlestown or Westfield Kotara and be back home within minutes.

Median house price: $540,000*

Median unit price: $425,000*

A nod to North Lambton

Wedged between Jesmond and Waratah, this little pocket is located only nine kilometres from the Newcastle CBD. With property options ranging from family homes and apartments to town houses, there’s definitely something for everyone. Due to the landscape, there’s also potential to snag a property with views across the valley and towards the city.

Suburb standout: Potential. Located close to transport, two hospitals and the University of Newcastle – some of the biggest employers in the Hunter region – the area should hold its appeal for future buyers when you’re ready to sell or you might be able to consider holding on to it as an investment property.

Median house price: $615,000*

Median unit price: $405,000*

Maybe Maitland…

It might be a little further out but Maitland still has plenty to offer. Close to vineyards and the train line into Newcastle, it’s an ideal halfway point for the best of both worlds. There’s also potential for slightly larger blocks if you’d like more space for kids or a pet. With plans for further infrastructure and development forecast over the next 15 years, the region is only set to grow.

Suburb standout: Laidback lifestyle. Picture cruisy weekends exploring cafes and shops along the Levee, or enjoying the nearby vineyards throughout the year.

Median house price: $460,000*

Median unit price: $300,000*

This article is intended to provide general information of an educational nature only. This information has been prepared without taking into account your objectives, financial situation or needs. Therefore, before acting on this information, you should consider its appropriateness having regard to these matters and the product terms and conditions. Information in this article is current as at the date of publication. Terms, conditions, fees, charges and credit criteria apply. We do not recommend any third party products or services and we are not liable in relation to them. Any links to third party websites are for your information only and we do not endorse their content. *Data supplied by Corelogic for the 12 month period between 31/05/2019-31/05/2020.

Home loans and mortgages

We'll help you find the right home loan for your needs.

Learn more

Send this article to friends and family

Share
Property Your home loan questions answered We answer 11 frequently asked questions about buying your first home.
Property Buying vs building your first home Consider the pros and cons before deciding whether to buy or build your dream ho...