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Unit 1,
89 RIDGE STREET Merewether NSW 2291

This property is Off Market

All about Merewether Homes for sale in Merewether

Last sold 10/21/2024 for $2,000,000. The Average property price in this area is $1,693,544, this is based on recent transactions.
Internet speed Download 100 Mbps / Upload 40 Mbps
Distance to the coast 0.79 km
Potential bushfire risk 0 / 10
Report as to subsidence
Potential Land Contamination risk
Powerlines within 200m 0

Street view

Drive times

School Catchments

Property For Sale Nearby

Harcourts UNIT 1, 14 SELWYN ST, Under Offer 2 Beds - 1 Baths - 1 Parking Within 0.6 km Belle Property 54A ROWAN CR, EOI - Closing Wed 27th Nov 5pm 4 Beds - 3 Baths - 3 Parking Within 0.6 km Ray White UNIT 1, 37 RAILWAY ST, 1400000 3 Beds - 2 Baths - 2 Parking Within 0.7 km Ray White 63 HELEN ST, 1500000 4 Beds - 1 Baths - 1 Parking Within 0.8 km Ray White 10 JUNE ST, 1400000 3 Beds - 3 Baths - 2 Parking Within 1.2 km Belle Property UNIT 15, 22 PATRICK ST, Contact Agent 4 Beds - 3 Baths - 2 Parking Within 1.3 km

Recently Sold Properties in this Area

10/23/2024 20 BURWOOD ST $880,000
10/23/2024 38 SELWYN ST $1,100,000
10/18/2024 11 BANK ST $3,675,000
10/15/2024 200 GLEBE RD $2,100,000
10/14/2024 14 BURWOOD ST $930,000

About Merewether - The Junction

With an average age of 43, households expect an average monthly mortgage payment of $2,839 or a weekly rent payment of $470. The average family earns a weekly income of $3,305 with a typical household size of 2.8 and a 97.64% employment rate.

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. High average incomes in Merewether ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Merewether classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Lower than average population density constrains growth in Merewether to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Public Transport

Kotara

Queens Wharf train

Crown Street train

Civic

Honeysuckle train

Newcastle Interchange train

Adamstown

Broadmeadow train

Hamilton

Queens Wharf, Newcastle

General Points of Interest

Junction Fair sport

Genesis Fitness sport

Tuff'n Up Boxing Gym

Visitor Centre

Emu Exhibit swimming

Shallow Pool sport

Newcastle District Tennis Club shopping

Charlestown Square sport

Newcastle International Paceway swimming

Coghlan's Swim Centre

Population

(Country of Birth not stated 5%)

Are people healthy?

There are a recorded 1450 asthma sufferers and 605 people living with diabetes. In addition, 756 people have a heart/vascular condition and 1257 people live with three or more chronic diseases.

A good place to invest in property?

Merewether - The Junction a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.

Investability - Housing Demand

New South Wales State average 59 / 100

Income

60 / 100

31 / 100

Industry

26 / 100

22 / 100

Population

20 / 100

19 / 100

House Prices

68 / 100

60 / 100

Jobs

40 / 100

29 / 100

Disclaimer

Local Crime Rates

Incidents Trend State Average

Local Schools

School Catchments

Newcastle HS The Junction PS
Adamstown Public School
Adamstown, NSW, 2289 State K-6
St Francis Xavier's College
Hamilton, NSW, 2303 Independent 11-12
St Joseph's Primary School
Merewether, NSW, 2291 Independent K-6
Holy Family Primary School
Merewether Beach, NSW, 2291 Independent K-6

Property Story

Unit 1, 89 Ridge Street, Merewether, Nsw, 2291 is a residential property . The estimated distance to the sea is only 0.79km and 0.47KM to vegatation considered to be a factor in bushfire risk.

Local Developments

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134 Acme Avenue Street, Town, State

Description - Details the application. Type and other information pertaining to the development application and more...

Authority Reference: UX0909823-GOV Website

The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.

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