Maybe you’ve just been given pre-approval for $2m or maybe you’re just curious, but do you know where Newcastle’s most expensive properties are? Check out the table below for the priciest postcodes and scroll down as we look a bit deeper into each area.
If you’re in the wrong place, you can check out Newcastle’s cheapest suburbs instead.
| Postcode | Suburbs | Median property price |
| 2291 | Merewether, Merewether Heights, The Junction | $1,996,000 |
| 2300 | Bar Beach, Cooks Hill, Newcastle, Newcastle East, The Hill | $1,600,000 |
| 2302 | Cooks Hill, Newcastle West | $1,575,000 |
| 2303 | Hamilton, Hamilton East, Hamilton South | $1,240,000 |
| 2297 | Tighes Hill | $1,100,000 |
| 2305 | Broadmeadow, Kotara East, New Lambton, New Lambton Heights | $1,100,000 |
| 2293 | Maryville, Wickham | $1,060,000 |
| 2295 | Stockton | $1,055,000 |
| 2294 | Carrington | $1,050,000 |
| 2289 | Adamstown, Adamstown Heights, Charlestown, Garden Suburb, Highfields, Kotara, Kotara South | $1,008,000 |
| 2292 | Broadmeadow, Hamilton North | $980,000 |
| 2296 | Islington | $940,000 |
| 2304 | Kooragang, Mayfield, Mayfield East, Mayfield North, Mayfield West, Sandgate, Warabrook | $890,875 |
| 2298 | Georgetown, North Lambton, Waratah, Waratah West | $870,000 |
| 2299 | Jesmond, Lambton, North Lambton | $840,000 |
| 2287 | Birmingham Gardens, Elermore Vale, Fletcher, Maryland, Minmi, Rankin Park, Wallsend | $815,000 |
| 2322 | Beresfield, Black Hill, Chisholm, Hexham, Lenagahan, Stockrington, Tarro, Thornton, Tomago, Woodberry | $755,000 |
| 2307 | Shortland | $700,000 |
| 2308 | Callaghan | No data |
Source: heatmaps.com.au
Newcastle’s most expensive postcode: 2291
For a long time, 2291 has been Newcastle’s most desirable postcode. With a median price close to $2m, the trio of Merewether, Merewether Heights and The Junction are the most expensive around.
With direct access to the city’s best beach (whether you surf, swim laps, build sandcastles or just want a coffee), it’s no surprise that prices are so high.
Property is slightly cheaper in The Junction as it’s not directly beachside, but just a short drive or cycle gets you to the ocean. You also have the benefit of a supermarket, a short walk to school and the best doughnut shop in the city.
The next most expensive: 2300
With a median property price of $1.6m, 2300 is another popular postcode that includes Bar Beach, Cooks Hill, Newcastle, Newcastle East and The Hill. With a mix of beaches and old town, this area is Newcastle at its best.
Even within this suburb there’s a huge range in prices, with Bar Beach properties far higher than The Hill, for example.
| Suburb | Median house price | Median unit price |
| Bar Beach | $3.3m | n/a |
| Cooks Hill | $1.6m | $800,000 |
| Newcastle East | n/a | $1.65m |
| Newcastle | n/a | $975,000 |
| The Hill | n/a | $700,000 |
Newcastle’s third most expensive postcode: 2302
There’s a strong theme with Newy’s most expensive areas: beaches, historic buildings and facilities.
The 2302 postcode is home to Cooks Hill and Newcastle West. Say hello to Bar Beach, Darby Street and all the delights you can find by jumping on the tram.
Buying luxury property in Newcastle
If you’re spending more than $1m on a home (never mind more than $3m), it’s vital that you get the best bang for your buck. Overpay on interest on a loan of that amount and you’ll quickly feel the pinch in your pocket.
Get help finding the best mortgage deal available by booking in a free consultation with Wisebuy’s loan brokers.