The post-budget guide to commercial property investing

The Junction

POSTAL CODE: NSW, 2291
HOUSE

Property investments in THE JUNCTION did not fare well against the rest of the country last year, registering a median home price decrease of 5.8%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains THE JUNCTION, 2291 saw average growth in the long term.

Real estate investors could earn a rental income of $777.5 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of N/A.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $2,142,500.

THE JUNCTION ranks 1106th on the list of best yielding suburbs for rental properties in NSW, posting a 1.89% return.

Surburb overview

The Junction is an inner-city residential and commercial suburb in the City of Newcastle, NSW, with postcode 2291, situated between Merewether, Cooks Hill and Bar Beach. The suburb is about two kilometres south-west of Newcastle’s central business district, with Union Street, Glebe Road and nearby roads providing connections to central Newcastle and surrounding suburbs.

The 2021 Census recorded about 1,100 residents in The Junction, with housing comprising detached houses, townhouses, units, and apartments. Residential streets surround a compact commercial precinct, while the suburb’s location places it close to Newcastle’s coastal and inner-city areas.

The Junction does not have a railway station, making buses, private vehicles, walking and cycling important transport options for local travel. Bus services operate through The Junction and provide connections towards Newcastle’s central business district, Merewether, Charlestown and other parts of the metropolitan area.

The Junction Public School provides primary education within the suburb, while secondary and additional education options are available in nearby Merewether, Cooks Hill and Hamilton.

The Junction’s commercial precinct contains supermarkets, pharmacies, cafes, restaurants, specialty shops and other everyday services. Additional retail facilities are available in nearby Newcastle, Marketown at Newcastle West and larger shopping centres at Kotara and Charlestown.

Medical practices, dental clinics, pharmacies and allied healthcare providers operate locally and in surrounding suburbs, while major hospital services are available at John Hunter Hospital in New Lambton Heights.

The Junction is within walking or cycling distance of several recreation areas along Newcastle’s coastline. 

Bar Beach provides opportunities for swimming, surfing and coastal walking, while nearby Dixon Park Beach and Merewether Beach extend the accessible beachfront to the south.

The Bathers Way follows the coastline through these areas, connecting beaches, parks, lookouts, and other public spaces.

Empire Park at Bar Beach contains sporting fields, a skate park and open recreation areas. Nearby National Park contains sporting grounds, cycling facilities and public open space, while local parks and community facilities provide further options for organised and informal recreation.

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