With a capital gain of -2.86% for the last 12 months, Newcastle, 2300 has performed for property investments than its average annual 4.95% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Newcastle,2300 has racked up an average of -2.86% over the period. This ranks it number 1277th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Newcastle should be aiming for at least -5.09% off the asking price, which is the average vendor discount being achieved 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 68.6733 days.
A $500 per week rent on the median house gives suburb investors a gross yield of circa 3.82%, without taking into account capital value appreciation, which has been averaging out at 4.95%.