Suburb Snapshot: Broadmeadow

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.

Contact Property Solutions 101. Discuss your Newcastle commercial and residential property management and buyer’s agent needs.

This website uses cookies
We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you’ve provided to them or that they’ve collected from your use of their services.