All About Broadmeadow, Newcastle , NSW 2292

Broadmeadow Real Estate Market Outlook

Thinking about buying in Broadmeadow? Now could not be a better time, with 1742 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,095,000 with prices in this suburb ranging from $33,000 to $63,515,000. Broadmeadow is located fairly close to the coast at just 2Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Broadmeadow due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Broadmeadow provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Broadmeadow to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Broadmeadow we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Broadmeadow a better buying opportunity than it may have been in the past.

Instant Property Valuation

BROADMEADOW, located in the city of Newcastle, New South Wales, is a suburb that has been garnering increasing attention in the housing market. Traditionally recognized for its well-established character and central location, Broadmeadow offers a variety of housing options, ranging from classic weatherboard homes to more modern apartments. Over recent years, the suburb has experienced moderate property appreciation, driven by Newcastle's overall growth and the demand for convenient inner-city living. The market dynamics here reflect a blend of long-term residents and newcomers looking for suburban charm with the advantages of urban proximity. Investors and homebuyers are particularly drawn to the area due to its accessibility, with Broadmeadow being a transport hub, including a major railway station, which links to broader Newcastle and Sydney.

Living in Broadmeadow offers a balanced lifestyle with the option to engage in bustling city amenities while residing in a quieter, more community-focused environment. The suburb is home to established sports venues like the Newcastle Showground and McDonald Jones Stadium, which host various cultural and sporting events, enhancing the area's lively atmosphere. Residents appreciate the array of local shops, cafes, and schools, contributing to a family-friendly community spirit. Additionally, the suburb is undergoing gradual gentrification, spurred by infrastructural developments and an influx of young professionals and families. Despite being a relatively compact suburb, Broadmeadow's strategic location allows quick access to Newcastle's beaches, parks, and dining precincts, appealing to those who seek convenience and recreational opportunities in their day-to-day life.

---

---

---

---

}

---

---

Nearby Suburbs

Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!