Police are investigating an alleged theft at Cooks Hill last night.
The victim had just finished parking his car at about 10.30pm when approached by a man.
Newcastle Police Inspector Jared Lawson, said the offender may have had a knife and threatened the man to hand over his money
Police describe the male offender as being Caucasian, 6ft tall, of slim build and with a light brown goatee.
Anyone with information is being asked to contact Newcastle Police Station.
