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

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.

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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	HOUSE	UNIT
Median price	N/A	$705,000
Quarterly growth	N/A	3.68%
12-month growth	N/A	4.44%
Average Annual Growth	N/A	4.37%
Weekly median advertised rent	N/A	$515
Number of sales	N/A	203
Gross rental yield	N/A	3.80%
Days on market	N/A	70.5966386554622

DSR Score for property investment : Below average (H), Above average (U)

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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