The Growth in Sydney Extends to Newcastle

Image Source:

Our beloved city of Newcastle is seeing a multitude of infrastructure changes, including a university campus and a new light rail system, thanks to a massive state government investment amounting to $6.55 billion.

This new development coupled with the rising Sydney prices is making Newcastle a hot target for investors who are flocking to Australia’s seventh largest city.

Our city’s price growth has surpassed Sydney’s, with annual growth presently at 11.5% compared to Sydney’s 10.2%.

The Attraction
Newcastle offers great value compared to Sydney and I’m sure you’ll agree that the excellent lifestyle that comes with it is also very attractive.

At long last the wait is over and change is already happening in Newcastle.  Plans for the connectivity to the harbour via the rail corridor with the proposed light rail is already underway and the city is experiencing a “coming of age.”   You can find a host of housing options here, both for permanent residences and investment. Newcastle’s identify revolution is being driven by the advent of more cosmopolitan landscapes within the city as a result of the gentrification of these areas.  The light rail and urban renewal will bring a $2.5 billion revitalisation to the local economy according to research commissioned by the Newcastle Renewal Taskforce.

Newcastle’s population is projected to increase from 2016 to 2036 by around 33.4% to 207,450, with growth at an annual rate of 0.62%.

Visit my Pinterest page to see some old photos of Newcastle, some of our favourite spots and even an old video!