Jewells

Suburb Snapshot: Jewells

Jewells is a suburb of the City of Lake Macquarie, 15 kilometres from Newcastle’s central business district on the eastern side of the Lake, with close proximity to Redhead Beach. It has a very highly regarded primary school, a shopping centre and popular Tavern.

The size of Jewells is approximately 3.6 square kilometres. It has 11 parks covering nearly 8.7% of total area. The population of Jewells in 2011 was 3,119 people. By 2016 the population was 2,407 showing a population decline of 22.8% in the area during that time. The predominant age group in Jewells is 60- 69 years. Households in Jewells are primarily childless couples and are likely to be repaying $1800 – $2399 per month on mortgage repayments. In general, people in Jewells work in a professional occupation. In 2011, 81.7% of the homes in Jewells were owner-occupied compared with 86.9% in 2016. The figure is now 91%.

Based on five years of sales, Jewells has seen a compound growth rate of 29.6% for houses.

Currently the median sales price of houses in the area is $898,500.

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

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