Newcastle

Property investors in NEWCASTLE enjoyed capital gains of 14.81% over the last 12 months translating to lower returns compared with its peers in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in NEWCASTLE are low, as opposed to average gains per annum over the past five years.

NEWCASTLE posted a 12.47% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

Real estate investors could earn a rental income of $550 based on current median home prices for the suburb.

Average weekly rents on listings have reached the $550 mark, reflecting a 3.69% increase in returns based on the current median price in NEWCASTLE.

NEWCASTLE, 2300 ranks 429th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.

NEWCASTLE ranks 250th on the list of best yielding suburbs for rental properties in NSW, posting a 3.69% return.