Question 1

Is Broadmeadow a nice place to live?

Accepted Answer

Broadmeadow sits just inside Newcastle’s inner city, with residential streets alongside light industrial and commercial pockets and a practical, working-city feel. It’s anchored by a strong sporting precinct around McDonald Jones Stadium and the Newcastle Racecourse, which bring a lively atmosphere on event days. Broadmeadow railway station makes commuting by train straightforward, and there are parks and local services close by. Housing ranges from modest post-war cottages and terraces to newer townhouses, so the suburb suits people after convenient access to the city, sports facilities and everyday amenities.

The community is small, about 1,688 people, with a median age of 34 and a typical household income of $1,653 a week (about $86,000 a year). It is weighted towards couple families, both with and without children, and homes are more often owner-occupied than rented (54.8% owned, 45.3% rented). Broadmeadow is also the focus of a masterplan for the Hunter Park sport and entertainment precinct and of planning for nearby rail lands, which points to new sports and entertainment facilities, more public open space and additional housing, while the Broadmeadow Railway Locomotive Depot is a heritage-listed asset.

Question 2

Is it expensive to live in Broadmeadow?

Accepted Answer

Rents in Broadmeadow are about $720 a week for houses and $650 a week for units. Against a typical local household income of $1,653 a week at the last Census, a house rent would take about 43.6% of that income and a unit about 39.3%. On these figures, renting a house would take a large share of a typical local household's income at the last Census, while renting a unit would take a sizeable share. If you're renting, those rent shares are the numbers that matter when you judge affordability for yourself.

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 Broadmeadow a good place to invest?

Accepted Answer

One clear feature of the past 12 months is the very large 37.0% rise in Broadmeadow's median house values. Over the same period house rents rose a solid 5.9%, while unit rents climbed a large 35.4%.

For someone weighing Broadmeadow as an investment, the figures separate capital growth and income: houses delivered the bigger price gain this year, while unit rents were the stronger performer on the income side. What that means for you will depend on your 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	N/A	N/A
Change in value Past 12 months	37.0%	N/A
Sold Past 3 months	5	6
Median days on market Past 12 months	24	N/A
Average rent Past 12 months	$720	$650
Change in rent Past 12 months	5.9%	35.4%

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