Suburb Profile Report for Newcastle NSW (2300)

Newcastle Unit: Median price $705,000, Annual capital growth 4.37%, Number of sales 203, Weekly median advertised rent $515

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

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

  • Unit Report

Property investors who have had real estate in Newcastle, 2300 should be ok with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 4.44%

Across a shorter period, Newcastle, 2300 has seen a median price increase of 3.68% over the last quarter.

Our latest figures would indicate that property sellers in Newcastle are currently offering property investors an average price cut of -5.55% below the asking price 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 70.5966 days.

Using the current median advertised rental of $515 and the average annual increase in value of a median property of 4.37%, investors should hope to achieve an overall return of 3.80%

Metrics i HOUSE UNIT
N/A $705,000
N/A 3.68%
N/A 4.44%
N/A 4.37%
N/A $515
N/A 203
N/A 3.80%
N/A 70.5966386554622

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

DSR Score for property investment : Below average (H), Above average (U)
Find a mortgage broker in Newcastle NSW
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
Chart Table