The Junction is a small community in New South Wales within the Newcastle local government area (postcode 2291). With a population of 994, the suburb has an established demographic with a median age of 43. Households earn a median income of $100K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in The Junction is $2.0 million, having grown strongly 6.6% over the past year. Units have a median price of $900,000 (-14.3% YoY). The current median weekly rent is $750. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $2,383.
Public transport access includes 2 rail stations, 9 bus stops. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, The Junction offers a gross rental yield of 1.9%, rated as low yield. Property prices are above the state median ($2.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 20.3x is considered stretched. House prices have moved +6.6% year-on-year.
The Junction is a small community in New South Wales within the Newcastle local government area (postcode 2291). With a population of 994, the suburb has an established demographic with a median age of 43. Households earn a median income of $100K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in The Junction is $2.0 million, having grown strongly 6.6% over the past year. Units have a median price of $900,000 (-14.3% YoY). The current median weekly rent is $750. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $2,383.
Public transport access includes 2 rail stations, 9 bus stops. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, The Junction offers a gross rental yield of 1.9%, rated as low yield. Property prices are above the state median ($2.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 20.3x is considered stretched. House prices have moved +6.6% year-on-year.