For everyone who loves beaches, fine food and shopping, The Junction is the perfect place to live.
Just back from Bar Beach, this leafy inner-city suburb is home to fantastic cafes and restaurants as well as the iconic Junction Hotel.
The Junction is the go-to destination for anyone seeking that unique item of fashion, jewellery, homewares or incredible gourmet foods.
In short, this is where people head for to satisfy a craving and that includes a desire for the perfect home.
“There’s a style of home here to suit every need,” says Natasha McElwaine of McElwaine Real Estate agents. “Just a short walk will take buyers past town houses, architect designed mansions with pools, sweet cottages, units of every shape and size, and easy-care bungalows.”
The Junction Property Market
House prices aren’t the cheapest in Newcastle, with a median sale of $1.375 million. Although if your heart is set on owning here, the occasional doer-upper or small two-bedroomed weatherboard cottage does occasionally pop up for around half that.
Unit prices, meanwhile, range from $400,000 to $871,250 with a median price $823,650. Gross rental yield has recently been improving so keep an eye out investors!
“I’ve often wondered if The Junction slips under the radar slightly,” says Natasha. However, although prices dipped here when COVID first hit, they recovered remarkably quickly. “That demonstrates this is a reliable market which will can hold its value.”
Around 61 per cent of homes in The Junction are owner-occupied with 39 per cent renting, according to Domain.
It’s particularly popular with young professional families although there are a lot of childless couples here who enjoy the convenient lifestyle and access to the surf, adds Natasha
Listings in The Junction
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