Locals know that Redhead is one of Lake Macquarie’s best-kept secrets.
Just 16 kilometres from Newcastle and right on the beach, the lifestyle doesn’t get much better than right here.
How Redhead got its name
If you’ve ever been to Redhead, you won’t be surprised to learn that the suburb takes its name from the distinctive red colour of the northern headland above the beach.
Redhead Beach is the most northern part of the nine miles of beach that runs up the coast from Swansea. Nestled between Jewells, Bennetts Green and Dudley, Redhead is home to just 3,516 people according to the 2016 Census.
There are just 1,461 homes in Redhead, of which 70% are houses and just 1% are flats or apartments. Just 17% of properties are rented, around half are owned outright and the remainder of properties are owned under a mortgage.
Interestingly, just over 31% of households are inhabited by just one person – well above both the state and national average.
The history of Redhead
The area is believed to have been known as “Kinti Irrabin” by the local Aboriginal people, known as the Awabakal. They fished and hunted in the lagoon and Freshwater Creek, which runs into Redhead Beach.
One of the earliest white settlers was James Parker, who planted an orchard in the area around 1865, that was known for its bananas. The first mining grants were given in the late 1800s, which began a long history of collieries and mines in the area.
Land was first subdivided in 1894. This included the area around Cain, Elsdon, Collier, Scrubby, Ocean, Bennett and Woods Streets. By the 1920s there were about 40 homes in the town.
Both the school and the Surf Life Saving Club were established in 1908. A train line was built in 1916 and it now forms part of the Fernwood Trail.
The iconic Redhead Shark Tower, which sits on a group of rocks, was built in the early 1930s, just before the population grew thanks to post-war migration. It was built by unemployed local men out of timber from a disused coal mine, as part of the government’s employment relief program during the depression.
Fast forward to September 2020 and the median house price in Redhead is just shy of the million-dollar mark, at $965,000 according to realestate.com.au. In 2011, the median house price was $635,250 in 2011 and in 2015, it was $790,000. So, it has experienced good capital growth as more people look for the kind of lifestyle it provides.
According to realestateinvestar.com.au, the rental vacancy rate is a super low 0.26% as of September, with houses renting for $540 per week and providing a median yield of 3.51%
Altitude is proud to operate Redhead’s only local real estate agency, which is headed up by Redhead local, David Ayliffe. Many of the Altitude team also live in Redhead, including Jeff Sansom, Paul McAllister and Troy Reeves.
We know what a great spot Redhead really is.
Why the locals love it
1. The beach
Redhead is one of the best beaches in our whole area. With beautiful bushland reserves nearby, yet all the convenience of Lake Macquarie and Newcastle on your doorstep, you’ll feel like you’re always on holidays.
2. The lifestyle
Redhead is a small, family-oriented community. The school and Surf Club play a big part in the community and there are some local shops, as well as great parks and walkways. A number of retirees call the area home and residents love that dogs are welcome on the section of the beach past the second creek.
3. The potential
COVID-19 has caused many people to consider a lifestyle change and the beach is top of many buyer’s lists.
We’ve seen Redhead change over the years, with a rise in the number of knockdown-rebuilds replacing the original 1950s mining town cottages. A suburb record was set recently when sold for more than $2 million.
If you’re looking to buy or sell in Lake Macquarie or Newcastle contact our team today.