2025 Guide: 10 Most Affordable Suburbs in Newcastle, NSW

Newcastle, NSW, continues to attract homebuyers with its coastal charm, growing infrastructure, and vibrant local economy. The city’s job market is supported by industries like education, health, mining services, and logistics, making it an appealing location for both families and professionals.

Affordable suburbs in Newcastle tend to offer older homes, improving infrastructure, and strong rental demand—making them great options for first-home buyers, investors, and growing families looking for more space at a lower price.

If you’re considering purchasing a home in one of these suburbs, working with Mortgage Brokers Newcastle can make the process easier. They help you compare lenders, access competitive home loan options, and offer expert guidance tailored to your financial goals.

Let’s explore the 10 most affordable suburbs in Newcastle for 2025 and why they deserve your attention.

Key Takeaways

• Newcastle, NSW, offers a range of affordable suburbs ideal for families, first-home buyers, and investors.
  
  
• Suburbs listed here feature lower-than-average house prices, solid infrastructure, and good rental yields.
  
  
• Mortgage Brokers Newcastle can help you find suitable finance options for your property purchase.
  
  
• The list includes accurate 2025 data for house prices, rent, transport, and infrastructure development.
  
  
• This guide helps you identify value-packed suburbs without duplicating first-home buyer content.
  
  

10 Most Affordable Newcastle Suburbs in 2025

As of 2025, the median house price in the broader Newcastle region is approaching $900,000, with inner-city and coastal suburbs edging closer to the $1 million mark. This trend reflects strong demand and increasing property values across the area. 

The suburbs listed in this guide are considered the most affordable due to their comparatively lower median prices, offering better value and more realistic entry points for buyers in today’s market.

1. Wallsend

Wallsend is a popular suburb just 15 minutes from the CBD, known for its historic charm, local shopping strip, and family-friendly vibe. Its affordability is paired with convenience and ongoing upgrades to its town centre, making it appealing to buyers on a budget.

• Median house price: $750,000-$833,000
  
  
• Median unit price: $450,000-$520,000
  
  
• Weekly rent: $550-$610
  
  
• Infrastructure Development: Town centre upgrades and park renovations
  
  
• Public Transport Accessibility: Buses to the city and surrounding suburbs
  
  

2. Mayfield

Once considered purely industrial, Mayfield has transformed into a diverse and dynamic suburb with character homes, modern cafes, and solid amenities. While prices have risen slightly, it still ranks as an affordable alternative near the CBD.

• Median house price: $963,982
  
  
• Median unit price: $684,841
  
  
• Weekly rent: $670
  
  
• Infrastructure Development: Urban renewal projects and retail upgrades
  
  
• Public Transport Accessibility: Frequent bus routes and access to Waratah Station
  
  

3. Fletcher

Fletcher is a newer suburb with a mix of modern homes and natural bushland surroundings. With parks, shopping centres, and schools close by, it’s an attractive option for families looking for more space without leaving the city limits.

• Median house price: $960,000 to $965,000
  
  
• Median unit price: $690,000
  
  
• Weekly rent: $725
  
  
• Infrastructure Development: Residential estate growth and community centres
  
  
• Public Transport Accessibility: Bus services connecting to Wallsend and Newcastle
  
  

Ready to buy in one of Newcastle’s budget-friendly suburbs?  Let our expert Newcastle mortgage brokers simplify your home loan application and compare options. Call (02) 4920 6468 or visitwww.mortgagebrokersnewcastle.com.au to get started today.

4. Beresfield

Located on the fringe of Newcastle, Beresfield offers a peaceful, semi-rural feel with quick access to the Hunter Expressway. It appeals to buyers looking for affordable homes with larger blocks and strong community vibes.

• Median house price: $599,000 to $660,000
  
  
• Median unit price: n/a
  
  
• Weekly rent: $550
  
  
• Infrastructure Development: Train station upgrade and local school improvements
  
  
• Public Transport Accessibility: Train station and connecting bus routes
  
  

5. Maryland

Maryland is a growing suburb with a quiet, residential atmosphere and easy access to shopping centres and schools. It's especially popular with young families and first-home buyers seeking affordability and liveability.

• Median house price: $811,500–$842,000
  
  
• Median unit price: ~$660,000
  
  
• Weekly rent: $650
  
  
• Infrastructure Development: Local shopping precinct expansion
  
  
• Public Transport Accessibility: Regular bus services to Newcastle and Glendale
  
  

6. Glendale

Glendale combines convenience with value, featuring the large Stockland Glendale shopping centre and proximity to major roads. With steady residential development and improving transport links, it’s a smart choice for budget-minded buyers.

• Median house price: $820,000
  
  
• Median unit price: n/a
  
  
• Weekly rent: $650
  
  
• Infrastructure Development: Glendale Interchange project and retail expansions
  
  
• Public Transport Accessibility: Bus services and nearby Cardiff train station
  
  

Looking to purchase in a low-cost Newcastle suburb? Our Newcastle brokers help you choose the right home loan and handle the paperwork. Call (02) 4920 6468 or visit www.mortgagebrokersnewcastle.com.au for personalised support.

7. Waratah

Waratah is one of Newcastle’s established suburbs, offering a mix of heritage homes and newer townhouses. With Waratah Shopping Village and John Hunter Hospital nearby, it’s both affordable and well-connected.

• Median house price: $910,000
  
  
• Median unit price: $537,000
  
  
• Weekly rent: $650
  
  
• Infrastructure Development: Hospital precinct and road upgrades
  
  
• Public Transport Accessibility: Train station and frequent bus services
  
  

8. Jesmond

Jesmond is best known for its proximity to the University of Newcastle, making it a top pick for student renters and investors. It also offers affordable housing options, shopping facilities, and easy transport links.

• Median house price: $782,500
  
  
• Median unit price: $577,500
  
  
• Weekly rent: $580
  
  
• Infrastructure Development: Campus area improvements and commercial upgrades
  
  
• Public Transport Accessibility: Buses to university and city
  
  

9. Tarro

Further inland, Tarro remains a budget-friendly suburb with a semi-rural charm. It offers peace and quiet while still being connected via rail and road to Newcastle and the Hunter Region. Perfect for buyers looking for affordable land or family homes.

• Median house price: $650,000–$707,500
  
  
• Median unit price: n/a
  
  
• Weekly rent: $550-$580
  
  
• Infrastructure Development: Hunter Expressway connection upgrades
  
  
• Public Transport Accessibility: Train services and regional bus lines
  
  

10. Heaton

Heaton, located near Jesmond and North Lambton, is an underrated suburb with proximity to schools, parks, and shopping centres. It features older homes and smaller lots, making it an affordable entry point for new buyers.

• Median house price: $786,000
  
  
• Median unit price: n/a
  
  
• Weekly rent: $650
  
  
• Infrastructure Development: Road resurfacing and neighbourhood enhancements
  
  
• Public Transport Accessibility: Bus routes to University and city

Sources: Cotality, Realestate.com.au, City of Newcastle, NSW Government

Disclaimer: All property prices, rental figures, and suburb data listed above are estimates based on publicly available information as of 2025. They may vary and should not be relied on as exact or current market values. Please consult a licensed real estate professional for up-to-date advice.

Need help financing a home in Newcastle’s cheaper suburbs?  Our experienced Newcastle mortgage brokers make home loan selection and process simple and hassle-free. Call us on (02) 4920 6468 or visit www.mortgagebrokersnewcastle.com.au to book a free consultation.

FAQs

What are the most affordable suburbs to buy property in Newcastle?

Suburbs like Beresfield, Jesmond, and Tarro offer lower-than-average property prices in 2025.

Which Newcastle suburb is best for families on a budget?

Fletcher and Maryland are popular among families due to their affordability and lifestyle features.

Do affordable suburbs in Newcastle have good public transport?

Most do, with bus and train access available in suburbs like Waratah, Jesmond, and Beresfield.

What’s the rental return like in these suburbs?

Rental yields remain solid, especially in university-adjacent areas like Jesmond and Waratah.

Are affordable suburbs in Newcastle seeing growth?

Yes, thanks to ongoing infrastructure development and increased demand for budget-friendly housing.

How can I finance a home in these Newcastle suburbs?

Speak with Mortgage Brokers Newcastle to explore suitable loan products and compare rates across lenders.

How much deposit do first home buyers need in NSW?

In New South Wales, first home buyers typically need a 5% to 20% deposit based on the median property price and lender requirements. In Newcastle’s real estate market, a 10% deposit on a $700,000 home equals $70,000. Government schemes like the First Home Guarantee can help reduce upfront costs.

What are the home loan options available for first-time buyers in Newcastle, NSW?

First-time buyers in Newcastle can access fixed-rate, variable-rate, and low-deposit home loans, often with government support. Mortgage brokers help compare options across the property markets for homes near the city centre or in growth suburbs. Lenders assess factors like income, credit history, and local median rents.

How can I find affordable housing options in Newcastle suburbs for 2025?

To find affordable housing in Newcastle’s suburbs in 2025, look for areas with low median property prices and steady growth. Suburbs with upgrades, population growth, and recreational facilities often deliver strong capital growth. A local broker can help you find the right investment property or first home near the city centre.

Ready to Make a Move?

These 10 affordable suburbs in Newcastle provide great opportunities for homebuyers looking to stay within budget in 2025. Whether you’re after convenience, family-friendly living, or long-term investment potential, each suburb brings something unique to the table without stretching your finances.

When it comes to financing your new home, the team at Mortgage Brokers Newcastle can help you compare lenders, secure great rates, and make informed decisions. They work with a wide range of banks and lenders to ensure your loan suits your budget and goals.

Reach out today at (02) 4920 6468 or visit www.mortgagebrokersnewcastle.com.au for expert advice tailored to your property journey.