Property investors should expect to get $570 weekly from the median priced house in this suburb.
Newcastle has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 6.16% to date .
Across a shorter period, Newcastle, 2300 has seen a median price increase of 1.90% over the last quarter.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.22% offered to property buyers. Sellers in Newcastle itself are offering an average vendor discount of -4.55% to real estate investors.
On average over the past year, suburb has had 19.17 sales per month, which equates to 230 per year.
Property investors should expect to get $540 weekly from the median priced house in this suburb.