If you compare the increase in value of investment property in Newcastle, 2300 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was -0.70%.
Across a shorter period, Newcastle, 2300 has seen a median price increase of 3.28% over the last quarter.
Property investors looking for a bargain in Newcastle should be aiming for at least -6.72% off the asking price, which is the average vendor discount being achieved at the moment.
Renters in Suburb are facing rents around $26000 per annum or $500 every week.