With a capital gain of 5.91% for the last 12 months, Newcastle, 2300 has performed for property investments than its average annual 21.13% property growth over the last 5 years.
Newcastle2300 is located in NSW which offers an average discount of -5.53% to property investors. Newcastle itself is showing figures that indicate -2.99% is the average achievable by property buyers investing in the suburb.
Residents and property investors in Newcastle have been waiting around 53.4 days to sell a property.
The NSW suburb of Newcastle, 2300 is in the Newcastle local government area.
Investment property in Newcastle has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.10%
Newcastle,2300 was ranked 779 in Australia by increase in median property value over the quarter.
Newcastle, 2300 is offering NSW ‘s 306th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this NSW.
Using the current median advertised rental of $470 and the average annual increase in value of a median property of 0.25%, investors should hope to achieve an overall return of 4.82%