Suburb Profile Report for Newcastle West NSW (2302)

Newcastle West Unit: Median price $574,975, Annual capital growth 6.36%, Number of sales 62, Weekly median advertised rent $430

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

Source: CoreLogic

  • Unit Report

Investment property in Newcastle West has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.17%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Newcastle West has increased when compared to the 5 year average annual rate.

The most recent median price for Newcastle West is $574975, with sellers offering an average of -3.61% off the asking price.

Advertised rents are around the $430 mark per week – giving a return of 3.89% based on the median price in Suburb

Metrics i HOUSE UNIT
N/A $574,975
N/A -0.99%
N/A -4.17%
N/A 6.36%
N/A $430
N/A 62
N/A 3.89%
N/A 99.97

Source: CoreLogic

DSR Score for property investment : Above average (U), Below average (H)
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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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