At number 67th in the list of Australian suburbs ordered by increase in median house value over the last year, Newcastle West, 2302 is in the top 10% with a property value increase of 18.80% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Newcastle West has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -7.99% to buyers in Newcastle West at the moment, which is less than average for the rest of NSW.
Often selling an investment property can take time, and in Newcastle West the average time real estate has been on the market is 115.96 days.
Newcastle West, 2302’s gross rental yield is 4.09%