Investment property in Newcastle has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -2.17%
Newcastle,2300 was ranked 479 in Australia by increase in median property value over the quarter.
Property buyers and investors in Newcastle 2300 should be seeing an average reduction in asking price of around -6.18% . This means that Newcastle is holding prices well when compared to other suburbs in NSW.
Advertised rents are around the $500 mark per week – giving a return of 3.85% based on the median price in Suburb