Giving property investors a a poor capital gain of -27.15% for the last year, Newcastle, 2300 is the 4124th highest performer in Australia in this respect.
Over the longer term, Newcastle has seen property prices show investors a 31.38% return over the last 3 years. This is worse than over the last 12 months
The NSW suburb of Newcastle, 2300 is in the Newcastle local government area.
Property value increases in Newcastle have tracked higher than the NSW average of 5.59% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Newcastle has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Newcastle is offering property investors an average of -4.45. This rate of discount on properties puts Suburb at number 307th in terms of most discounted suburbs in NSW
With the median price for a house in Newcastle being $556000 and the advertised rent reaching $470 the gross rental yield for property investors calculates out to be 4.40%