Suburb Profile Report for Newcastle West NSW (2302)

Newcastle West Unit: Median price $553,500, Annual capital growth 5.79%, Number of sales 68, Weekly median advertised rent $430

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

Source: CoreLogic

  • Unit Report

Over the last year, property investments in Newcastle West, 2302 have given investors a capital gain of 3.46%. This compares averagely with the 6.07% for NSW as a whole.

Taking the average capital gain, or increase in median house value, Newcastle West,2302 has racked up an average of 3.46% over the period. This ranks it number 26th in the whole country for real estate investors looking at median house price increases.

Sellers are offering property buyers an average discount of -3.52% to buyers in Newcastle West at the moment, which is less than average for the rest of NSW.

At number 1220 in a list of fastest selling suburbs, Newcastle West is in the bottom 20% of suburbs in Australia with an average of days on market 106.18 for properties listed there.

The NSW suburb of Newcastle West, 2302 is in the Newcastle local government area.

Metrics i HOUSE UNIT
N/A $553,500
N/A -4.63%
N/A 3.46%
N/A 5.79%
N/A $430
N/A 68
N/A 4.04%
N/A 106.18

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 593
Median household income ($/weekly) 1200
Median age of persons 31
Median housing loan repayment ($/monthly) 1950
Average household size 1.7
  • Census Count Percent(%)
    20-24 years 69 11.6
    25-34 years 172 29.0
    35-44 years 65 10.9
    45-54 years 69 11.6
    55-64 years 72 12.1
    Others 147 24.7
    Age Group
    Census Count Percent(%)
    Not Married 272 61.8
    Registered Married 109 24.8
    Defacto Relationship 59 13.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 426 81.8
    Croatia 10 1.9
    Papua New Guinea 15 2.9
    United Kingdom 12 2.3
    Other 30 5.8
    Others 28 5.4
    Country of Birth
    Census Count Percent(%)
    Christianity 311 62.3
    No Religion 153 30.7
    Islam 20 4.0
    Buddhism 12 2.4
    Judaism 3 0.6
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 22 8.7
    $1,000-$1,249 30 11.8
    $1,500-$1,999 32 12.6
    $2,000-$2,499 29 11.4
    $2,500-$2,999 32 12.6
    Others 109 42.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 246 51.1
    Not in the labour force 143 29.7
    Employed, worked part-time 65 13.5
    Unemployed, looking for work 17 3.5
    Employed, away from work 10 2.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 50 15.5
    Professionals 105 32.6
    Technicians & trades workers 35 10.9
    Community & personal service workers 33 10.2
    Clerical & administrative workers 40 12.4
    Others 59 18.3
    Occupation
    Census Count Percent(%)
    Infants/Primary 19 14.5
    Secondary 12 9.2
    Technical or Further Educational Institution 21 16.0
    University or other Tertiary Institutions 61 46.6
    Other type of educational institution 12 9.2
    Others 6 4.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 410 81.0
    Separate house 76 15.0
    Semi-detached, row or terrace house, townhouse 14 2.8
    House or flat attached to a shop, office 6 1.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 164 61.2
    Being purchased 55 20.5
    Fully owned 46 17.2
    Other tenure type 3 1.1
    Tenure Type
Census 2011, ABS
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