Newcastle is in the bottom 10% in NSW when comparing median price capital growth over the last year. Newcastle gave property investors a dismal capital gain figure when compared to the rest of the state, with -25.00%.
Newcastle,2300 has offered an average of -25.00% return per annum in house price rises to property investors over the last three years.
Property value increases in Newcastle have tracked higher than the NSW average of 5.41% over the last 12 months.
The five-year average increase in median property values for Newcastle,2300 has given property investors a potential capital gain of 28.86% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Newcastle is offering property investors an average of -4.42. This rate of discount on properties puts Suburb at number 317th in terms of most discounted suburbs in NSW
Situated 94.95km from the CBD, Newcastle is one of Newcastle localities in the postcode 2300.