Fact or myth: Does water view affect property price growth?
Waterfront locations, particularly in capital cities such as Sydney, are often deemed as “prestige property markets”, but can scenic vie...
A survey of average capital gains or median home price increase in suburbs across the country shows that NEWCASTLE EAST, 2300 obtained a 16.16% growth over a ten-year period. It ranks 3018th on our list of suburbs that property investors should look into.
NEWCASTLE EAST, 2300 in NSW belongs to the local government area of Newcastle (C).
NEWCASTLE EAST, 2300 has a capital gain of 36.54% for the past year, which is higher than average compared to its 137.54% growth within a five-year period.
With the median home price in NEWCASTLE EAST sitting at $1,775,000, and the average rent at $620, property owners could potentially earn a 1.82% increase in gross rental yield.
A 36.54% increase in median property prices in NEWCASTLE EAST, 2300 has allowed this suburb to join the ranks of best performing suburbs in NSW, settling at number 12th.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,775,000 | $1,175,000 |
| GROWTH REPORT | ||
| Median Quarterly | N/A | -8.2% |
| Median 12 month | 36.54% | 0.73% |
| Median 3 years | 89.84% | 21.13% |
| Median 5 years | 137.54% | 49.21% |
| 10 years average annual | 16.16% | 6.53% |
| Weekly media advert. rent | $620 | $625 |
| Time on Market | 0.0 days | 0.0 days |
| Gross Rental Yield Percent | 1.82% | 2.77% |
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