Suburb Profile Report for Newcastle West NSW (2302)

Newcastle West Unit: Median price $528,500, Annual capital growth 6.35%, Number of sales 61, Weekly median advertised rent $430

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

Source: CoreLogic

  • Unit Report

At number 1528th in the list of Australian suburbs ordered by increase in median house value over the last year, Newcastle West, 2302 is in the BOTTOM 20% with a property value increase of -9.37% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Newcastle West,2302 has racked up an average of -9.37% over the period. This ranks it number 486th in the whole country for real estate investors looking at median house price increases.

LACK OF BUYER INTEREST may well be the reason that Newcastle West is offering property investors an average of -4.13. This rate of discount on properties puts Suburb at number 381th in terms of most discounted suburbs in NSW

Often selling an investment property can take time, and in Newcastle West the average time real estate has been on the market is 94.11 days.

A $430 per week rent on the median house gives suburb investors a gross yield of circa 4.23%, without taking into account capital value appreciation, which has been averaging out at 6.35%.

Metrics i HOUSE UNIT
N/A $528,500
N/A -3.12%
N/A -9.37%
N/A 6.35%
N/A $430
N/A 61
N/A 4.23%
N/A 94.11

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (U)
Find a mortgage broker in Newcastle West NSW
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
Chart Table
Recent sales & rentals