Suburb Profile Report for Newcastle West NSW (2302)

Newcastle West Unit: Median price $649,500, Annual capital growth 6.83%, Number of sales 49, Weekly median advertised rent $478

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Jan 2020 as supplied by CoreLogic. Data is reported to the period ending Oct 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Unit Report

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

Metrics i HOUSE UNIT
N/A $649,500
N/A 4.34%
N/A 22.55%
N/A 6.83%
N/A $478
N/A 49
N/A 3.83%
N/A 122.541666666667

Source: Monthly data update for Jan 2020 as supplied by CoreLogic. Data is reported to the period ending Oct 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Below average (H), Balanced (U)
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Demographics
Total population 593
Median household income ($/weekly) 1200
Median age of persons 31
Median housing loan repayment ($/monthly) 1950
Average household size 1.7
  • Census Count Percent(%)
    20-24 years 69 11.6
    25-34 years 172 29.0
    35-44 years 65 10.9
    45-54 years 69 11.6
    55-64 years 72 12.1
    Others 147 24.7
    Age Group
    Census Count Percent(%)
    Not Married 272 61.8
    Registered Married 109 24.8
    Defacto Relationship 59 13.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 426 81.8
    Croatia 10 1.9
    Papua New Guinea 15 2.9
    United Kingdom 12 2.3
    Other 30 5.8
    Others 28 5.4
    Country of Birth
    Census Count Percent(%)
    Christianity 311 62.3
    No Religion 153 30.7
    Islam 20 4.0
    Buddhism 12 2.4
    Judaism 3 0.6
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 22 8.7
    $1,000-$1,249 30 11.8
    $1,500-$1,999 32 12.6
    $2,000-$2,499 29 11.4
    $2,500-$2,999 32 12.6
    Others 109 42.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 246 51.1
    Not in the labour force 143 29.7
    Employed, worked part-time 65 13.5
    Unemployed, looking for work 17 3.5
    Employed, away from work 10 2.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 50 15.5
    Professionals 105 32.6
    Technicians & trades workers 35 10.9
    Community & personal service workers 33 10.2
    Clerical & administrative workers 40 12.4
    Others 59 18.3
    Occupation
    Census Count Percent(%)
    Infants/Primary 19 14.5
    Secondary 12 9.2
    Technical or Further Educational Institution 21 16.0
    University or other Tertiary Institutions 61 46.6
    Other type of educational institution 12 9.2
    Others 6 4.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 410 81.0
    Separate house 76 15.0
    Semi-detached, row or terrace house, townhouse 14 2.8
    House or flat attached to a shop, office 6 1.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 164 61.2
    Being purchased 55 20.5
    Fully owned 46 17.2
    Other tenure type 3 1.1
    Tenure Type
Census 2011, ABS
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