If you compare the increase in value of investment property in Newcastle, 2300 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 14.80%.
Across a shorter period, Newcastle, 2300 has seen a median price increase of -0.51% over the last quarter.
Newcastle, 2300 is offering NSW ‘s 1071th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this NSW.
Using the current median advertised rental of $540 and the average annual increase in value of a median property of 21.87%, investors should hope to achieve an overall return of 2.85%
At number 900th in the list of Australian suburbs ordered by increase in median house value over the last year, Newcastle, 2300 is in the BOTTOM 50% with a property value increase of 3.50% recorded in median house prices.
If we look at median property appreciation over just the last three months, Newcastle has given property investors a paper return of -3.27%. This puts Suburb as 467 on a list of fastest fasting appreciating suburbs in NSW
Our latest figures would indicate that property sellers in Newcastle are currently offering property investors an average price cut of -3.75% below the asking price at the moment.
Residents and property investors in Newcastle have been waiting around 74.35 days to sell a property.
Newcastle, 2300’s gross rental yield is 4.72%