If you compare the increase in value of investment property in Newcastle West, 2302 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 22.55%.
Over the longer term, Newcastle West has seen property prices show investors a 21.41% return over the last 3 years. This is an improvement over the last 12 months
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Newcastle West, 2302. Typically our figures indicate that -9.86% is being offered, which puts this NSW suburb at 64th most discounted overall in Australia.
Often selling an investment property can take time, and in Newcastle West the average time real estate has been on the market is 122.542 days.
Advertised rents are around the $478 mark per week – giving a return of 3.83% based on the median price in Suburb