If you compare the increase in value of investment property in Newcastle West, 2302 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 1.31%.
The five-year average increase in median property values for Newcastle West,2302 has given property investors a potential capital gain of 73.12% across each of those five years.
Property investors looking for a bargain in Newcastle West should be aiming for at least -3.85% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 5.00 sales per month, which equates to 60 per year.
Advertised rents are around the $420 mark per week – giving a return of 3.77% based on the median price in Suburb