SUBURB SNAPSHOT
Once a working class, mining village, Merewether is now blue-chip real estate and has become arguably the region’s most sought-after residential suburb.
It is located approximately three kilometres from Newcastle’s CBD and is bordered by pristine beaches, Bar Beach, The Junction, Adamstown and Merewether Heights.
The beachside suburb has a population of nearly 11,000 people and the median house price is $1.37 million.
According to Australian Property Monitors, it experience market growth of around 20 per cent in each of the past two years.
The biggest sale for 2017 was $5.05 million for a home overlooking the water.
LIFESTYLE
Locals have always known how good Merewether beach is and this month the secret well and truly got out after it had the honour of being named “best city beach” in Australia.
It is the home of Australia’s largest surfing festival Surfest, which annually gains global attention.
Four-time world surfing champion Mark Richards is just one of a number of world-class surfers to have honed their skills at the beach break.
ASK THE EXPERT
- Presented by George Rafty, First National, Newcastle City
Simply put it is a lifestyle suburb.
Merewether offers beachside living, level walking to everything, Australia’s most acknowledged beach and is one of the first places people from out of town talk about.
A lot of people would love the opportunity to live near that Merewether to Bar Beach coastal strip. That’s not just locals but people from all over Newcastle and beyond.
It offers a sound investment. The suburb has seen above average growth levels at all times in comparison to other suburbs in the immediate area.
