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%