Broadmeadow is the geographic centre of Newcastle city. It has a major train station, Newcastle race course and several shopping centres.
Broadmeadow is approximately 2.4 square kilometres. It has 4 parks covering nearly 7% of total area. The population of Broadmeadow in 2011 was 1,552 people. By 2016 the population was 1,567 showing a population growth of 1.0% in the area during that time. The predominant age group in Broadmeadow is 30-39 years. Households in Broadmeadow are primarily childless couples and are likely to be repaying $1800 – $2399 per month on mortgage repayments. In general, people in Broadmeadow work in a professional occupation. In 2011, 52% of the homes in Broadmeadow were owner-occupied compared with 54.1% in 2016.
Currently the median sales price of houses in the area is $850,000.
Houses in Broadmeadow rent out for, on average, $592 PW with an annual rental yield of 3.5% and units rent for $462 PW with a rental yield of 3.9%.
Based on five years of sales, Broadmeadow has seen a compound growth rate of 10.8% for houses.
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