Newcastle is in the TOP 20% in NSW when comparing median price capital growth over the last year. Newcastle gave property investors a very good capital gain figure when compared to the rest of the state, with 18.31%.
Over the longer term, Newcastle has seen property prices show investors a 22.91% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Newcastle should be aiming for at least -2.90% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $470 mark per week – giving a return of 4.17% based on the median price in Suburb