Powered by MOMENTUM MEDIA
Newcastle East
AREA REPORTS

Newcastle East

Newcastle East - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2300

unit

A steady increase in median property prices over a five-year period in NEWCASTLE EAST, 2300 translates to a 2.87% capital gain.

NEWCASTLE EAST, 2300 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,200,000.

Profits due to an upward trend in home prices in NEWCASTLE EAST, 2300 averaged 0.96% per annum over a 3-year period.

Home owners selling their properties and realtors in NEWCASTLE EAST usually have to wait an average of 0.0 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $647.5 mark, reflecting a 2.81% increase in returns based on the current median price in NEWCASTLE EAST.

Surburb overview

Newcastle East is a suburb situated east of the Newcastle central business district. It is hailed as the birthplace of Newcastle and the rest of the Hunter Region, famous for its stunning beaches, bushlands and orchards.

Newcastle East has a rich Aboriginal and colonial history dating back to the late 1700s. It was primarily established as a penal colony, before it morphed into a coal mining and timber town. The 1800s was a period of infrastructure boom, which saw the installation of many of the heritage buildings and public landmarks. A number of these historical landmarks, such as the Christ Church Cathedral, the Customs House and the Newcastle Court House, still stand today.

Welcome changes

Though widely known as a designated industrial area and dockyard, Newcastle East is on the brink of a major transformation as the urban sprawl makes its way to its shores. Newcastle’s real estate market is booming, on the back of the NSW government’s efforts to revitalise the suburb, with new developments permeating its neighbourhoods.

Newcastle East is also the site of redevelopments that involve the refurbishment of a couple of old apartment blocks and hotels. Houses for sale in the Newcastle East area are undoubtedly affordable, compared with Sydney. The price of harbourfront properties are on the rise, however, and realtors encourage buyers to strike while the iron is hot.

Data report can be found below

Newcastle East
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price N/A $1,200,000
GROWTH REPORT
Median Quarterly N/A N/A
Median 12 month N/A N/A
Median 3 years N/A 2.87%
Median 5 years N/A 16.5%
10 years average annual N/A 10.28%
Weekly media advert. rent N/A $647.5
Time on Market N/A 0.0 days
Gross Rental Yield Percent N/A 2.81%
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.
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Get the latest news & updates

Join a community of over 100,000 property investors.

Check this box to receive podcast updates

Related Articles


Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.