Broadmeadow

POSTAL CODE: NSW, 2292

HOUSE

UNIT

Based on its average 5-year and quarterly capital gains BROADMEADOW, 2292 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that BROADMEADOW, 2292 obtained a 9.71% growth over a ten-year period. It ranks 154th on our list of suburbs that property investors should look into.

BROADMEADOW, 2292 in NSW belongs to the local government area of Newcastle.

BROADMEADOW, 2292 has a capital gain of 28.21% for the past year, which is higher than average compared to its 70.07% growth within a five-year period.

With the median home price in BROADMEADOW sitting at $1,250,000, and the average rent at $695, property owners could potentially earn a 2.89% increase in gross rental yield.

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

A steady increase in median property prices over a five-year period in BROADMEADOW, 2292 translates to a 8.68% capital gain.

BROADMEADOW, 2292 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $745,000.

Profits due to an upward trend in home prices in BROADMEADOW, 2292 averaged 2.89% per annum over a 3-year period.

Home owners selling their properties and realtors in BROADMEADOW usually have to wait an average of 52.6 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $650 mark, reflecting a 4.54% increase in returns based on the current median price in BROADMEADOW.

BROADMEADOW, 2292 places 410th in Australia based on median property value growth during the quarter.

Surburb overview

Broadmeadow is an inner suburban area in the City of Newcastle, NSW, with postcode 2292, situated between Hamilton, New Lambton, Adamstown and Georgetown. The suburb is about four kilometres west of Newcastle’s central business district, with Lambton Road and Griffiths Road providing connections to central Newcastle and surrounding suburbs.

The 2021 Census recorded about 1,700 residents in Broadmeadow, with housing comprising separate houses, townhouses, units, and apartments. Residential streets run through parts of the suburb, alongside substantial transport, sporting, entertainment and commercial facilities.

Broadmeadow railway station is located on the Main Northern railway line and is served by intercity and regional passenger trains. Rail services provide connections to Newcastle Interchange, the Central Coast and Sydney, while regional services connect Newcastle with destinations elsewhere in NSW. Broadmeadow is also served by numerous bus routes connecting with Newcastle’s central business district, Charlestown, Kotara and surrounding suburbs.

Schools and childcare facilities are available in Broadmeadow and neighbouring suburbs, with additional primary and secondary education options in Hamilton, Adamstown and New Lambton.

Local businesses provide access to food outlets and other services, while nearby Hamilton, Newcastle West and Kotara contain larger concentrations of supermarkets, shops and professional services.

Medical centres, pharmacies, dental practices and allied healthcare providers operate in Broadmeadow and surrounding suburbs, while John Hunter Hospital at New Lambton Heights provides major emergency and specialist services.

McDonald Jones Stadium is located in Broadmeadow and hosts rugby league, football and other major sporting and entertainment events. The Newcastle Entertainment Centre hosts concerts, exhibitions and other events, while the adjoining Newcastle Showground accommodates the Newcastle Show and various community activities.

District Park provides sporting fields and open space near the suburb, with additional recreation facilities available in neighbouring New Lambton. The nearby Newcastle International Hockey Centre provides facilities for organised hockey, while local cycling and walking routes connect Broadmeadow with surrounding suburbs.

Newcastle’s beaches, foreshore parks and coastal walking areas are accessible by road or public transport from Broadmeadow.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,250,000	$745,000
Growth Report
Median Quarterly	-0.6%	-0.67%
Median 12 month	28.21%	-0.67%
Median 3 years	33.69%	8.68%
Median 5 years	70.07%	29.57%
10 years average annual	9.71%	6.85%
Weekly media advert. rent	$695	$650
Time on Market	62 days	52.6 days
Gross Rental Yield Percent	2.89%	4.54%

Demographics (Median Values)*

Total Population 2465

Weekly Household Income 1333

Household Size 2.20

Average Age 35

Monthly Loan Repayment 1783

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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