Broadmeadow, NSW, 2292
Broadmeadow is a mixed residential, industrial and commercial hub, located 5 km west of the CBD. It’s the city’s sporting and entertainment precinct, well serviced by rail, bus and road and conveniently located close to the city, beach and suburbs. Broadmeadow is bordered to the north by Hamilton North, Hamilton to the east, Adamstown to the south and New Lambton to the west.
The suburb’s population is just over 1,500 people, an even mix of renters and owner-occupiers. 42% of residents are under 45, with the average age sitting at 34. Single and independent residents represent just under 70% of the population, drawn to Broadmeadow’s location and relative affordability. The average weekly income for the suburb is $1,054 with the median mortgage repayment currently $1,800 a month.
Houses have an average long term growth of 6.25% and produce a rental yield of 3.51% in Broadmeadow. There is little reliable data available for unit trends, however the suburb is growing in popularity and is recognised as a high demand area. Given Broadmeadow’s enviable proximity to the CBD, transport links and sporting and entertainment fixtures, growth in all areas of the market is expected to continue in future.
Current as of August 2018
Median house price - $645,000
Median unit price - $630,000
Median weekly house rental price - $435
Median weekly unit price - $315
Median house rental yield - 3.51%
Median unit rental yield - N/A
12 month growth (houses) - 5.31%
12 month growth (units) - N/A
Average long-term growth (houses) - 6.25%
Averaged long-term growth (units) - N/A
Broadmeadow offers a convenient lifestyle to buyers at all stages of life. With easy access to the city, a host of sporting and entertainment events, quality schools, shopping centres and a range of other services, Broadmeadow is ideal for families, older couples and singles. When preparing your home for sale, focus on the benefits of the local area and sell the lifestyle, not just your house. Show them how good it is to live in such a convenient location.
Like many inner city suburbs, spacious homes are not always readily available in Broadmeadow. To maximise space in your property, declutter your home before you place it on the market. Place excess and bulky furniture into storage and replace them with more streamlined pieces, to create the illusion of space. Rearrange furniture placement to improve flow through your home, freeing up space and creating opportunities for potential purchasers.
Create an inviting entrance to your home by making a splash with colour, cultivating a welcoming garden and adding character to your front entrance. Bring your property to life with leafy plants, vibrant colours and scented flowers. Create a lush vertical garden on your verandah or balcony. Make the most of your courtyard by adding feature pots with mature plants for visual interest. Entice potential buyers in by creating a welcoming entry.
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Public |
Catholic |
Independent |
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Hamilton North PS Callaghan College Waratah Technology Campus (7-10) Callaghan College Jesmond Campus (11-12) Hunter School of the Performing Arts (Selective) Merewether HS (Selective) |
St Columba’s Adamstown St Therese’s New Lambton St Joseph’s Merewether Corpus Christi Waratah St Pius (7-10) St Francis Xavier (11-12) |
Newcastle Grammar School St Philip’s Christian College Hunter Christian School |
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Medical |
Clubs |
Pubs |
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Broadmeadow Medical Centre Marketown Health Denison Practice Hamilton Medical Centre Hudson St Specialist Centre Hamilton Day Surgery Centre Denison Practice Hamilton Doctors Newcastle Health Collective |
Newcastle Jockey Club Newcastle Macedonia Sports Club District Park Tennis Club PCYC Newcastle Hamilton North Bowling Club Newcastle Harness Racing Club |
Premier Hotel Sunnyside Tavern Wickham Park Hotel |
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Landmarks |
Parks |
Supermarkets |
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Broadmeadow Train Station Broadmeadow Racecourse McDonald Jones Stadium Newcastle Entertainment Centre Newcastle Showground Newcastle Exhibition Centre Newcastle Basketball Centre Newcastle International Hockey Centre District Park |
Magic Park Richardson Park |
Ritchie’s SUPA IGA Broadmeadow Hamilton Aldi Nina’s IGA Waratah Village |
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