Newcastle West

POSTAL CODE: NSW, 2302

UNIT

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

Real estate investors could earn a rental income of $687.5 based on current median home prices for the suburb.

Average weekly rents on listings have reached the $687.5 mark, reflecting a 4.97% increase in returns based on the current median price in NEWCASTLE WEST.

NEWCASTLE WEST, 2302 ranks 485th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.

NEWCASTLE WEST ranks 115th on the list of best yielding suburbs for rental properties in NSW, posting a 4.97% return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	N/A	$720,000
Growth Report
Median Quarterly	N/A	1.41%
Median 12 month	N/A	-2.37%
Median 3 years	N/A	13.83%
Median 5 years	N/A	35.21%
10 years average annual	N/A	3.51%
Weekly media advert. rent	N/A	$688
Time on Market	N/A	87.9 days
Gross Rental Yield Percent	N/A	4.97%

Demographics (Median Values)*

Total Population 564

Weekly Household Income 1339

Household Size 1.70

Average Age 35

Monthly Loan Repayment 1740

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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