Newcastle West is in the bottom 30% in NSW when comparing median price capital growth over the last year. Newcastle West gave property investors a disappointing capital gain figure when compared to the rest of the state, with 0.00%.
A 36.80% growth in median value for property investors in Newcastle West,2302 puts this suburb at number 255th in terms of best performing suburbs in NSW
LACK OF BUYER INTEREST may well be the reason that Newcastle West is offering property investors an average of -4.48. This rate of discount on properties puts Suburb at number 267th in terms of most discounted suburbs in NSW
A $400 per week rent on the median house gives suburb investors a gross yield of circa 4.38%, without taking into account capital value appreciation, which has been averaging out at 3.38%.