The Junction, NSW, is a relatively new suburb, having only been independent from the suburb of Merewether since 1991. It’s one of Newcastle’s smaller suburbs, but it’s packed full of character.
The perfect suburb for commuters
The Junction has several train stations, including Glebe Road train station, where commuters can easily travel to Newcastle’s central business district and any other places of work. The central business district is only 2.7 km away from the suburb, so it can be easily and quickly reached by train.
Being an inner city suburb, there are a fair few opportunities for work around the area. There are plenty of shops, restaurants and bars that offer nearby work opportunities, and big city jobs are only a short journey away.
The Junction’s potential
Whilst The Junction may be a fairly new suburb, houses are high in demand, and house prices have been on the rise. The average house in The Junction is a little higher than many other larger suburbs, thanks to its popularity, currently at around $1,230,000. But over the past 10 years the average price has grown 11% per annum.
If you’re looking to buy in The Junction, you can expect to enter into a competitive market. Don’t let that put you off though, as a home here will undoubtedly be a good investment. In fact, this suburb is 29th in Australia’s list of median house price increases.
The Junction’s character
So many suburbs don’t have anything to offer but houses, but The Junction has a little more character than that. It may be small, but you can expect to find plenty of quirky restaurants and cocktail bars, so you won’t have to look far for a celebratory meal out, or a pleasant local bar.
The suburb is also made up of a whole range of different people with different lifestyles, from families, to young individuals. This is thanks to the many opportunities for work and education.
There are several schools in the area, so it’s definitely a family friendly location. There are also plenty of nearby institutions for higher education, so the suburb continues to draw in people from all walks of life who wish to learn.
A mix of city and beach life
The Junction may be an inner city suburb but that doesn’t mean it doesn’t come with a taste of beach life. Being only a short distance from one of Newcastle’s most desirable coastal suburbs, Bar Beach, The Junction is the perfect location for those who need to be close to the city, but enjoy the odd escape to the beach.
A home in The Junction suburb gives you the best of both worlds: the perfect spot for business and work opportunities, as well as easy access to Newcastle’s most popular beach.
Being right next to Bar Beach, you can enjoy all the benefits of the coastal suburb, only for a lesser price. The median house price in Bar Beach is over double that of The Junction, currently set at around $2,825,000.
This also means that it’s a great spot for attracting overseas buyers – those looking for a taste of Australian beach life. So if you plan on selling in the future, or renting out, the fact that The Junction is only a short distance from Bar Beach is a great selling point for potential buyers or tenants.