At number 303th in the list of Australian suburbs ordered by increase in median house value over the last year, Newcastle, 2300 is in the top 20% with a property value increase of 14.97% recorded in median house prices.
Over the longer term, Newcastle has seen property prices show investors a 24.04% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Newcastle is offering property investors an average of -4.33. This rate of discount on properties puts Suburb at number 344th in terms of most discounted suburbs in NSW
Residents and property investors in Newcastle have been waiting around 46.88 days to sell a property.
Newcastle, 2300’s gross rental yield is 3.87%