Suburb Profile Report for Newcastle NSW (2300)

Newcastle House: Median price $1,020,000, Annual capital growth 26.91%, Number of sales 13, Weekly median advertised rent $540

Newcastle Unit: Median price $510,000, Annual capital growth 0.24%, Number of sales 169, Weekly median advertised rent $468

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

Source: CoreLogic

  • House Report
  • Unit Report

At number 650th in the list of Australian suburbs ordered by increase in median house value over the last year, Newcastle, 2300 is in the top 20% with a property value increase of 14.09% recorded in median house prices.

Over the longer term, Newcastle has seen property prices show investors a 26.16% 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 -3.74%. This puts suburb at number 1011th in NSW when ranking the most discounted suburbs.

Residents and property investors in Newcastle have been waiting around 76.36 days to sell a property.

Renters in Suburb are facing rents around $6480 per annum or $540 every week.

Property investors who have had real estate in Newcastle, 2300 should be relatively 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 5.97%

While Newcastle,2300 ranked number 280th in NSW for increase in median house value (annualised) increase, it is ranked 439th over the last 5 years.

Vendor discounting in Newcastle is giving property investors an average Vendor Discount of around -3.72%. This puts suburb at number 324th in NSW when ranking the most discounted suburbs.

Residents and property investors in Newcastle have been waiting around 75.34 days to sell a property.

The NSW suburb of Newcastle, 2300 is in the Newcastle local government area.

HOUSE UNIT
$1,020,000 $510,000
6.81% 0.00%
14.09% 5.97%
26.91% 0.24%
$540 $468
13 169
2.75% 4.77%
76.36 75.34

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 2384
Median household income ($/weekly) 1750
Median age of persons 34
Median housing loan repayment ($/monthly) 2249
Average household size 1.9
  • Census Count Percent(%)
    20-24 years 361 15.1
    25-34 years 607 25.5
    35-44 years 275 11.5
    45-54 years 293 12.3
    55-64 years 317 13.3
    Others 531 22.3
    Age Group
    Census Count Percent(%)
    Not Married 941 51.6
    Registered Married 630 34.6
    Defacto Relationship 251 13.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 1718 79.2
    Papua New Guinea 45 2.1
    United Kingdom 77 3.6
    United States of America 32 1.5
    Other 104 4.8
    Others 193 8.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 37 1.8
    Christianity 1291 61.9
    Hinduism 25 1.2
    Islam 38 1.8
    No Religion 684 32.8
    Others 9 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 74 7.5
    $1,250-$1,499 85 8.6
    $1,500-$1,999 132 13.4
    $2,000-$2,499 81 8.2
    $2,500-$2,999 192 19.5
    Others 421 42.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1007 49.3
    Not in the labour force 525 25.7
    Employed, worked part-time 367 18.0
    Unemployed, looking for work 84 4.1
    Employed, away from work 61 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 216 15.0
    Professionals 572 39.8
    Technicians & trades workers 126 8.8
    Clerical & administrative workers 173 12.0
    Sales 126 8.8
    Others 223 15.5
    Occupation
    Census Count Percent(%)
    Pre-school 11 2.2
    Infants/Primary 58 11.8
    Secondary 50 10.1
    Technical or Further Educational Institution 49 9.9
    University or other Tertiary Institutions 314 63.7
    Others 11 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 1687 82.9
    Semi-detached, row or terrace house, townhouse 157 7.7
    Separate house 142 7.0
    House or flat attached to a shop, office 48 2.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 585 54.7
    Fully owned 251 23.5
    Being purchased 228 21.3
    Other tenure type 6 0.6
    Tenure Type
Census 2011, ABS
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