Newcastle is an average performer in NSW when comparing median price capital growth over the last year. Newcastle gave property investors a average capital gain figure when compared to the rest of the state, with -5.07%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Newcastle has increased when compared to the 5 year average annual rate.
Property buyers and investors in Newcastle 2300 should be seeing an average reduction in asking price of around -6.57% . This means that Newcastle is holding prices well when compared to other suburbs in NSW.
Renters in Suburb are facing rents around $26000 per annum or $500 every week.