Newcastle West has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 3.47% to date .
Newcastle West,2302 has offered an average of 3.47% return per annum in house price rises to property investors over the last three years.
The most recent median price for Newcastle West is $579950, with sellers offering an average of -3.59% off the asking price.
In the last year 65 properties changed hands in Newcastle West, which puts it as the 225th most active market in NSW when comparing the number of sales per suburb.
A $430 per week rent on the median house gives suburb investors a gross yield of circa 3.86%, without taking into account capital value appreciation, which has been averaging out at 6.07%.