A 65.69% growth in median value for property investors in Newcastle East,2300 puts this suburb at number 390th in terms of best performing suburbs in NSW
With the median price for a house in Newcastle East being $990000 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 2.36%
Over the last year, property investments in Newcastle East, 2300 have given investors a capital gain of 25.45%. This compares very favourably with the 6.92% for NSW as a whole.
While Newcastle East,2300 ranked number 21th in NSW for increase in median house value (annualised) increase, it is ranked 87th over the last 5 years.