Suburb Profile Report for Newcastle NSW (2300)

Newcastle Unit: Median price $680,000, Annual capital growth 4.95%, Number of sales 165, Weekly median advertised rent $500

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

Source: Monthly data update for Apr 2021 as supplied by CoreLogic. Data is reported to the period ending Jan 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • Unit Report

With a capital gain of -2.86% for the last 12 months, Newcastle, 2300 has performed for property investments than its average annual 4.95% property growth over the last 5 years.

Taking the average capital gain, or increase in median house value, Newcastle,2300 has racked up an average of -2.86% over the period. This ranks it number 1277th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Newcastle should be aiming for at least -5.09% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in Newcastle the average time real estate has been on the market is 68.6733 days.

A $500 per week rent on the median house gives suburb investors a gross yield of circa 3.82%, without taking into account capital value appreciation, which has been averaging out at 4.95%.

Metrics i HOUSE UNIT
N/A $680,000
N/A -2.16%
N/A -2.86%
N/A 4.95%
N/A $500
N/A 165
N/A 3.82%
N/A 68.6732673267327

Source: Monthly data update for Apr 2021 as supplied by CoreLogic. Data is reported to the period ending Jan 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 2384
Median household income ($/weekly) 1750
Median age of persons 34
Median housing loan repayment ($/monthly) 2249
Average household size 1.9
  • Census Count Percent(%)
    20-24 years 361 15.1
    25-34 years 607 25.5
    35-44 years 275 11.5
    45-54 years 293 12.3
    55-64 years 317 13.3
    Others 531 22.3
    Age Group
    Census Count Percent(%)
    Not Married 941 51.6
    Registered Married 630 34.6
    Defacto Relationship 251 13.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 1718 79.2
    Papua New Guinea 45 2.1
    United Kingdom 77 3.6
    United States of America 32 1.5
    Other 104 4.8
    Others 193 8.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 37 1.8
    Christianity 1291 61.9
    Hinduism 25 1.2
    Islam 38 1.8
    No Religion 684 32.8
    Others 9 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 74 7.5
    $1,250-$1,499 85 8.6
    $1,500-$1,999 132 13.4
    $2,000-$2,499 81 8.2
    $2,500-$2,999 192 19.5
    Others 421 42.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1007 49.3
    Not in the labour force 525 25.7
    Employed, worked part-time 367 18.0
    Unemployed, looking for work 84 4.1
    Employed, away from work 61 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 216 15.0
    Professionals 572 39.8
    Technicians & trades workers 126 8.8
    Clerical & administrative workers 173 12.0
    Sales 126 8.8
    Others 223 15.5
    Occupation
    Census Count Percent(%)
    Pre-school 11 2.2
    Infants/Primary 58 11.8
    Secondary 50 10.1
    Technical or Further Educational Institution 49 9.9
    University or other Tertiary Institutions 314 63.7
    Others 11 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 1687 82.9
    Semi-detached, row or terrace house, townhouse 157 7.7
    Separate house 142 7.0
    House or flat attached to a shop, office 48 2.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 585 54.7
    Fully owned 251 23.5
    Being purchased 228 21.3
    Other tenure type 6 0.6
    Tenure Type
Census 2011, ABS
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