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The Store Newcastle by DOMA
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Location

Location

THE NEW NEWCASTLE

The Store is located at 854 Hunter Street, Newcastle. Less than 2 hours from Sydney, Newcastle is the hub for the Hunter region. A short drive to the Hunter Valley wineries, Nelson Bay, and the beautiful countryside, Newcastle has become a very attractive place to live. A new lifestyle is emerging, and along with it, new expectations.

 

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

  • $1,650-$1,760 Median weekly income
  • 37-38 Median age in Newcastle
    41Median age in Hunter Region
  • 800,000 Population in the Hunter Region
  • 1.48% Annual population growth
    (Sydney: 1.1%, Canberra: 1.05%)

Economy

  • $108 BILLION Gross regional product
    (Hunter Region)
  • $22.7 BILLION Gross regional product
    (City of Newcastle)
  • GLOBAL PORT Major international shipping and cruise destination. Largest bulk export port on Australia’s east coast. Australia’s largest coal export terminal.

Employment

  • 3% Unemployment
  • +11.7% IN THE NEXT 10 YEARS Projected employment growth in NSW

Property Market

  • $955,000 Median house price
  • $710,000 Median unit price
  • 1.61% Price growth rate
    (Sydney: 0.2%, Canberra: 0.3%, Melbourne: 0.5%)

Rental & Investments

  • 4% Rental yield
  • 1.5% Vacancy rates
    (Sydney: 1.5%, Canberra: 1.6%, Melbourne: 1.8%)
  • $690 PER WEEK Average weekly rental income
    (Houses: $690, Units: $520)

Education

  • $382 MILLION Capital value for the multiple Honeysuckle campus buildings
  • WORLD’S TOP 1% University of Newcastle is ranked #227 among universities worldwide.
  • 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
  • $47M 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
  • HUNTER VALLEY Remains one of Australia’s leading wine and leisure destinations

Industry

  • AEROSPACE PRECINCT Newcastle International Airport, RAAF Base Williamtown and Williamtown Special Activation Precinct
  • $1.25 BILLION John Hunter Hospital and Maitland upgrades
  • 850,000 Visitors Expected to be added annually from airport expansion

Environment

  • ICONIC SURFING RESERVE Australia’s ‘crown jewel’ surfing beach.

Government Investments

  • $1.335 BILLION INVESTMENT Government investment into hospitals—John Hunter Health & Innovation Precinct (~$835m), New Maitland Hospital (~$500m) + ongoing regional health infrastructure expansion

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