Callaghan Real Estate, NSW, 2308, Newcastle

Thinking about buying in Callaghan? Now could not be a better time, with just 12 residential dwellings it's a highly sought after location.

Distance to the coast is 5 Km. Search Residz

Housing Market Outlook

In Callaghan there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Callaghan is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Callaghan leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. Lower than average industry presence in Callaghan we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Callaghan a better buying opportunity than it may have been in the past.

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Local Schools

None within suburb boundary

(While the above schools are located with the suburb of Callaghan there may also be nearby schools whose catchments cover this suburb)

Local Crime Stats


Nearby Suburbs

WARATAH WESTBIRMINGHAM GARDENSWARABROOKNORTH LAMBTONJESMONDSHORTLANDMAYFIELD WESTWARATAHLAMBTONSANDGATE

Average Local Climate by month

(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan2.018.930.148.193.64.624.5
Feb3.318.628.352.794.54.220.7
Mar5.117.426.854.2954.116.6
Apr4.413.724.551.695.83.614.4
May2.610.021.049.393.84.011.3
Jun4.88.718.254.494.24.39.5
Jul2.36.818.346.191.94.510.8
Aug1.86.819.838.591.64.513.7
Sept2.09.423.037.092.54.318.2
Oct2.412.224.841.593.04.421.3
Nov2.515.526.946.893.74.424
Dec2.517.328.247.893.34.624.8

source: Australian Government Bureau of Meteorology