Investment property in Newcastle West has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -10.77%
If we look at median property appreciation over just the last three months, Newcastle West has given property investors a paper return of -0.48%. This puts Suburb as 405 on a list of fastest fasting appreciating suburbs in NSW
Sellers are offering property buyers an average discount of -1.67% to buyers in Newcastle West at the moment, which is less than average for the rest of NSW.
Residents and property investors in Newcastle West have been waiting around 33.81 days to sell a property.
A $430 per week rent on the median house gives suburb investors a gross yield of circa 4.32%, without taking into account capital value appreciation, which has been averaging out at 5.41%.