Question 1

Is Beresfield a nice place to live?

Accepted Answer

Beresfield is a residential suburb on Newcastle’s western fringe with a mix of mid-century weatherboard cottages and newer brick homes on generous blocks. It has a practical, family-oriented feel and attracts commuters and local workers, with a railway station on the Hunter line, straightforward road links to nearby industrial precincts, and a modest town centre anchored by everyday shops, takeaways and community sports fields.

The community of 3,267 has a median age of 39 and a median household income of $1,257 a week. Housing is mainly owner-occupied — owned outright and with a mortgage together make up 67.9% of dwellings while 32.1% are rented — and couple households together form just over seven in ten families. Beresfield is being directly affected by major motorway and road upgrades, and the town centre has seen public-domain renewal including wider footpaths, new public space, street trees, bike racks, station lighting and smart poles with Wi-Fi. Local facilities include Beresfield Library and recent works at Beresfield Public School. Whether Beresfield suits you depends on what you want from a suburb.

Question 2

Is it expensive to live in Beresfield?

Accepted Answer

On the figures for Beresfield, housing costs sit well above what local households earned at the last Census. A house rent of $600 a week would take about 47.7% of a typical local household's weekly income at the last Census, and a unit rent of $510 a week would take about 40.5%. The median house price of $820,000 works out to about 12.5 times a typical local annual household income at the last Census.

That means renting would take a large share of a typical local household's income at the last Census, while buying a house sits at a high multiple of a local year's household income. Which of those matters most depends on whether you plan to rent or buy and on your own financial circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Beresfield a good place to invest?

Accepted Answer

Over the past year house values in Beresfield rose a strong 19.8%. House rents also increased, up a solid 7.1% over the same period, while unit rents climbed 15.9%, a strong rise.

Put simply, the house side delivered larger capital growth this year, while unit rents were the stronger performer for rental income. Which of those matters most depends on your own goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$820K	N/A
Change in value Past 12 months	19.8%	N/A
Sold Past 3 months	17	2
Median days on market Past 12 months	16	N/A
Average rent Past 12 months	$600	$510
Change in rent Past 12 months	7.1%	15.9%

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