Location
Location
A THRIVING RETAIL HUB
There is a sense of journey throughout the precinct. Laneways and streetfronts will offer inviting places in which to pause, relax and enjoy. They will link Hunter Street to the public square within, where charming cafés, retail shops and dining experiences await.
AN EVOLVING CITY
Downtown Newcastle continues its transformation into a modern metropolis with an ever-expanding range of dining, shopping and lifestyle choices all within walking distance of The Store.
WHY WE LOVE NEWCASTLE
Demographics
- $1,760 Median weekly income
- 37 Median age
- 800,000 Population in the Hunter region
-
1.48%
Annual population growth
(Sydney: 1.1%, Canberra: 1.05%)
Economy
- $18.9 Billion Gross regional product
-
Global port
International centre of shipping and exports.
Destination for major cruise ships.
Employment
- 3% Unemployment
- +11.7% in the next 10 years Projected employment growth in NSW
Property Market
- $920,000 Median house price
- $867,000 Median unit price
-
1.61%
Price growth rate
(Sydney: 0.2%, Canberra: 0.3%, Melbourne: 0.5%)
Rental & Investments
- 3.2% Rental yield
-
1%
Vacancy rates
(Sydney: 1.5%, Canberra: 1.6%, Melbourne: 1.8%) -
$620 per week
Average rental income units
(1 bed: $590pw, 2 bed: $750pw, 3 bed: $1,050pw)
Education
- $382 million capital value for the multiple Honeysuckle campus buildings
- World’s best The University of Newcastle is ranked in the top 200 universities globally
- International A new international university campus has opened in Newcastle
Connectivity
- $650 million+ Light rail investment connecting Newcastle’s East and West Ends
- $121 million Funding Williamtown Special Activation/Aerospace precinct
Food & Drink
- Oldest wine region A little over two hours’ drive north from Sydney is the Hunter Valley, the birthplace of Australian wine and a favourite country escape
Entertainment
- Concert Destination Newcastle is recognised as an international concert destination
- $35.6M upgrade Planned for the Newcastle Art Gallery—nationally recognised for some of Australia’s finest public collections
Tourism
- Largest moving dunes In the southern hemisphere
Industry
- Aerospace precinct Newcastle International Airport, RAAF Base Williamtown and Williamtown Special Activation Precinct
- $1.25 billion John Hunter Hospital and Maitland upgrades
Environment
- Iconic surfing reserve Australia’s ‘crown jewel’ surfing beach
