Newcastle West

Property investors in NEWCASTLE WEST enjoyed capital gains of 5.59% 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 WEST are low, as opposed to average gains per annum over the past five years.

NEWCASTLE WEST posted a 2.37% 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 $692.5 based on current median home prices for the suburb.

Average weekly rents on listings have reached the $692.5 mark, reflecting a 4.77% increase in returns based on the current median price in NEWCASTLE WEST.

NEWCASTLE WEST, 2302 ranks 296th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.

NEWCASTLE WEST ranks 145th on the list of best yielding suburbs for rental properties in NSW, posting a 4.77% return.