Newcastle is one of Australia’s leading regional cities, undergoing revitalisation with numerous large infrastructure projects and an expected population growth of 3.2% per annum over the next 15 years.
Newcastle CBD is the capital of Australia’s leading regional economy; the Hunter Region. The CBD is undergoing revitalisation with over $1 billion worth of key infrastructure projects. The relative affordability of Newcastle CBD and projected growth in residential development has resulted in growing demand for apartments.
SKY Residences has a prime central location, providing its residents access to every amenity. From public transport, university campuses, private and public schools, health and medical facilities, retail outlets, shopping centre, harbour, parks and beaches.
The relative affordability of Newcastle’s CBD and projected growth in residential development has resulted in growing demand for apartments. The Newcastle CBD currently has a high proportion of households renting, 57% as at the 2016 census.
For a more in-depth analysis on the Newcastle property market, download the independent URBIS (Australia’s leading property economists) Market Outlook Report PDF.
Click the button below to download the URBIS Newcastle Market Outlook PDF
High demand for our 2 bedroom apartments in the King St Building has resulted in us creating a limited release of additional two bedroom apartments, and a first release of studio apartments in the SKY Tower.
The generous studio apartments, all with car space and lockable storage have a combined internal and balcony area of 50m2. Priced from $375,000 these will not last long. The two bedroom apartments have a fantastic South East aspect with district views, great layouts, car space, loads of storage and separate kitchen /dining & living areas. They have a combined internal and balcony area of 80m2 and priced from $599,000.
With construction of the additional university campuses due to begin soon, these apartments are a perfect buy for the savvy investor!