Bar Beach is an inner city suburb of Newcastle, located 1.6 km southwest of Newcastle’s central business district. The suburb is named for the beach that extends along its eastern border. The beach is home to the Cooks Hill Surf Life Saving Club. It is one of Newcastle’s most prestigious and expensive suburbs.
Bar Beach is approximately 0.5 square kilometres. It has 3 parks covering nearly 10.9% of total area. The population of Bar Beach in 2016 was 1,236. The predominant age group in Bar Beach is 20-29 years. Households in Bar Beach are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Bar Beach work in a professional occupation. In 2011, 40.4% of the homes in Bar Beach were owner-occupied compared with 50.7% in 2016.
Currently the median sales price of houses in the area is $3,462,500.
Based on five years of sales, Bar Beach has seen a compound growth rate of 25.2% for units.
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