Property investors who have had real estate in Newcastle East, 2300 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 17.72%
The five-year average increase in median property values for Newcastle East,2300 has given property investors a potential capital gain of 63.83% across each of those five years.
Situated 117.51km from the CBD, Newcastle East is one of Newcastle localities in the postcode 2300.
Newcastle East is in the TOP 30% in NSW when comparing median price capital growth over the last year. Newcastle East gave property investors a good capital gain figure when compared to the rest of the state, with 12.91%.
Taking the average capital gain, or increase in median house value, Newcastle East,2300 has racked up an average of 12.91% over the period. This ranks it number 29th in the whole country for real estate investors looking at median house price increases.
Renters in Suburb are facing rents around $7140 per annum or $595 every week.