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Newcastle and Lake Macquarie Real Estate Investment in 2022

Now a new year is upon us, you may have already started planning what your 2022 financial goals are going to be. You may be considering saving for a holiday, clearing your debts or you may be preparing to make bigger steps and reach new milestones this year. If you’re thinking about the latter, your next move could be investing in real estate.

The real estate market in Australia is chaotic. With house prices at record highs in many areas of the country, homebuyers and investors alike are looking for great locations to take root and invest in property.

That’s why it may be worth considering checking out some potential areas in Newcastle and Lake Macquarie. 

These two markets have so much going for them:

Housing affordability, employment growth and a price of living that is more aligned with income to name a few.  

The idyllic lifestyle, natural beauty and great community spirit further add to the appeal.

Of course, before making that big move, it’s worth considering speaking with a financial adviser to make sure that you’re financially prepared to make this big step. They will take a comprehensive, big-picture look at your situation to ensure that property investment is the best option for you at this stage of your life. 

Past Performance of the Newcastle and Lake Macquarie Real Estate Market 

Unlike Sydney, which experienced a downturn in 2020, the Newcastle property market has continued to grow due to several factors – including its historical characteristics. Firstly, the Newcastle real estate market is influenced by local economic conditions, making it less connected to Sydney. 

In addition, Newcastle between the years of 2016-2019 was more affordable than the NSW capital, showcasing houses with a median of under $700,000. This price was definitely an attractive option for first-time homebuyers who could also access their first-time home buyer stamp duty concession

Also, it’s worth noting that the unemployment rate at Newcastle during this period was a low 4.9% as compared to its peak in 2015, which was about 8%.

But now that the area is making an extra effort to diversify its local economy, you’ll likely see that immigration to the area will gradually increase over the next few years. 

Which Areas in Newcastle and Lake Macquarie Should I Invest in 2022?

There’s no denying that the Newcastle and Lake Macquarie area will only continue to experience development in the upcoming years. For this reason, it may be a good idea to consider investing in these areas. If you’re wondering where you should invest, here are some places to consider:

  • Wickham:

    If you’re thinking of putting down roots in the heart of Newcastle, consider the inner-city suburb of Wickham. Wickham’s median house price is currently at $800,000 with a gross yield of about 4%. The median unit price is at $630,000 with a gross yield of 4.5%

  • Fletcher:

    This is a Newcastle suburb that people eye when thinking of a convenient location close to the Hunter Expressway and the Pacific Motorway. This location is about 20 minutes away from beautiful beaches and Newcastle CBD. With that, the median house price in Fletcher is about $750,000 and the median unit price is around $525,000 with a gross yield of 4% for a house and 4.8% for a unit. 

  • Cardiff:

    This suburb is situated in the City of Lake Macquarie. It is conveniently close to a popular amenity, Charlestown Shopping Square. It is around 20-minutes drive to Newcastle’s CBD. The median house price in Cardiff is $650,000. While the unit median price is $525,000– making it quite an affordable investment option considering its great location. 

Of course, if you’re thinking of moving and investing in property, it’s worth speaking to a mortgage specialist to ensure that your finances are in check and that you’re ready to make these big financial steps.

They’ll work with you to understand your needs and goals, work out what you can afford to borrow, find options to suit your situation and explain the financial jargon. Then they can help you apply for the loan and will manage the process through to settlement. 

Expert advice will ensure your investment experience is straightforward and stress-free and that you make the best financial decisions at every stage. 

Gear Up for the New Year by Making Smart Real Estate Investment and Financial Decisions

The past two years have made us realise the importance of growing money and having more security — what better way to achieve this than investing in real estate property?

If you’re looking for an affordable but booming location to invest in, it’s worth checking out the Newcastle and Lake Macquarie area. 

How Can We Help You?

123 Financial Group has been in the industry for more than fifteen years, providing lasting financial freedom and support to the residents of Newcastle and Lake Macquarie. 

Our professional loan specialists are Newcastle locals and know the region like the back of their hand. They’ve had years of experience helping people purchase residential and investment properties across the Hunter Valley, and achieve their financial and lifestyle goals. 

In addition to mortgage broking, 123 Financial Group also offers financial planning, tax and accounting, business development services and more, meeting all of your financial needs in one place. We’re here to help. 

Looking for a credible mortgage broker or loan specialist in Charlestown, Newcastle? Speak to us today!

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