The post-budget guide to commercial property investing

Newcastle West

POSTAL CODE: NSW, 2302
UNIT

Property investors in NEWCASTLE WEST enjoyed capital gains of 12.12% over the last 12 months translating to higher returns compared with its peers in the territory.

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.

NEWCASTLE WEST posted a 5.38% 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 $700 based on current median home prices for the suburb.

Average weekly rents on listings have reached the $700 mark, reflecting a 4.37% increase in returns based on the current median price in NEWCASTLE WEST.

NEWCASTLE WEST, 2302 ranks 124th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.

NEWCASTLE WEST ranks 249th on the list of best yielding suburbs for rental properties in NSW, posting a 4.37% return.

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