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Newcastle
AREA REPORTS

Newcastle

Newcastle - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2300

unit

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.

Data report can be found below

Newcastle
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price N/A $775,000
GROWTH REPORT
Median Quarterly N/A 0.58%
Median 12 month N/A 14.81%
Median 3 years N/A 12.47%
Median 5 years N/A 28.11%
10 years average annual N/A 6.65%
Weekly media advert. rent N/A $550
Time on Market N/A 53.1 days
Gross Rental Yield Percent N/A 3.69%
demographics (median values)*
Total Population
10578
Weekly Household Income
1653
Household Size
2.00
Age
37
Monthly Loan Repayment
2015
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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