Investment property in Newcastle has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -0.51%
Property investors should expect to get $530 weekly from the median priced house in this suburb.
Property investors who have had real estate in Newcastle, 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 19.58%
Over the longer term, Newcastle has seen property prices show investors a 26.43% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Newcastle is giving property investors an average Vendor Discount of around -3.57%. This puts suburb at number 320th in NSW when ranking the most discounted suburbs.
Renters in Suburb are facing rents around $5790 per annum or $482.5 every week.