Merewether

The definition of chic suburban living, Merewether is one of the city’s most sought-after suburbs located just three kilometres from the CBD. Home to Australia’s best ‘city beach’, some of Newcastle’s trendiest local eateries and boutiques (as well as 10,000 enviable locals or so), this suburb is a blue ocean of lifestyle opportunity.

We know that Merewether’s appeal is broad —attracting a loyal local community of young families, working professionals and an inevitable compound growth rate of 11.6% for houses and 7.7% for units in 5 years alone. A more affordable alternative to lifestyle meccas such as those found in Sydney’s Eastern Suburbs, Merewether offers the same luxuries at a smaller scale (and a smaller price point too)—with median property prices in the area at $1,695,000 for houses to $710,000 for units. An investment as secure as the next set rolling in on Merewether beach, houses in the area deliver a rental yield of 2.1%, and 3.3% for units.

More than your average sea change, Merewether perfectly balances inner-city luxury with a casual coastal culture. A thriving hub of activity, there’s always something breathing life into local streets —from the Junction’s stylish northern quarter to locals lounging in the largest sea baths in the Southern Hemisphere, to the bustle of hosting Australia’s largest surf festival, Surfest. Tie this stunning suburb together with prime access to local schooling and it’s clear why Merewether has exploded in popularity and population alike. 

If you are interested in buying property in Merewether, contact our Newcastle buyers agents today for a free discovery call.