Investment property in Newcastle has done 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 -6.19%
When looking at the potential capital gains offered to property investors over the last 3 years, Newcastle comes in at number 795th in NSW.
Newcastle, 2300’s gross rental yield is 2.80%
With a capital gain of 21.30% for the last 12 months, Newcastle, 2300 has performed for property investments than its average annual 2.46% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Newcastle,2300 has racked up an average of 21.30% over the period. This ranks it number 351th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Newcastle 2300 should be seeing an average reduction in asking price of around -3.12% . This means that Newcastle is holding prices well when compared to other suburbs in NSW.
On average over the past year, suburb has had 15.00 sales per month, which equates to 180 per year.
The NSW suburb of Newcastle, 2300 is in the Newcastle local government area.