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As a specialised platform, DevelopmentReady services the needs of property developers and real estate marketing agents – by bringing them together on a single, curated and user-friendly website.
If you would like to search for and conduct due diligence on a development property in Newcastle, please browse our available listings – including access to premium sites in the region.
Firmly established as one of the most desirable lifestyle destinations in the entire country, residential development property in Newcastle is experiencing an ongoing boom.
For many years, people have been leaving the busy metropolises such as Sydney for the higher quality of life found in Newcastle. However, the city's affordability, lack of congestion and other drawcards drew a renewed rush of people in the wake of the COVID-19 pandemic.
Being one of the key regional economic centres of regional New South Wales, property investors here are benefiting from Newcastle's role as a centre for construction, mining, logistics, transportation and freight, as well as strong service-based sectors such as software development.
These economic activities are supported by the state's robust and ongoing infrastructure developments.
Suburbs that represent the best value among development property in Newcastle include Birmingham Gardens, Cardiff with its older, more affordable homes, and further afield to Anna Bay with its relaxed coastal lifestyle.
As well as residential properties, the industrial real estate market is experiencing a boom in demand.
The industrial development properties for sale in Newcastle offer cheaper land values and greater yields compared to the major urban markets. Further fuelled by the economic activity in the local area of Newcastle and the Hunter Valley, there is a rising surge in demand for industrial property in the Hunter region – as evidenced by the low vacancy rates across key industrial areas in the region.
Given these conditions of constrained availability, competition is tightening for premium locations. Premium stock has seen a steady increase in price per square metre.
Meanwhile, a supply squeeze for ready-to-develop land is also well underway. While the land around Tomago, Blackhill and Kurri Kurri is planned for future land industrial development in Newcastle, in the interim there will continue to be high demand for the existing industrial sites that remain up for grabs.
As well as development property in Newcastle, if you would like to browse other development property for sale in NSW, search our portal for: