Located in New South Wales within the Newcastle local government area, Newcastle is a smaller residential area (postcode 2300). The area has roughly 3,852 residents and a settled mid-life population, with a median age of 41. Households earn a median income of $101K per year, with an average household size of 1.7 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.1% year-on-year at the LGA level. NSW employment has moved +1.2% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. NSW also had 35 Commonwealth-backed major projects under construction, 17 underway, and 67 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and professional services. The top ancestries reported are English, Australian, Irish.
The median house price in Newcastle is $1.2 million, having declined steeply by 9.1% over the past year. Units have a median price of $975,000 (-7.3% YoY). The current median weekly rent is $695. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $2,167.
Newcastle is served by 1 school, including 1 primary. The average ICSEA score is 1112, which is well above the national average of 1,000. Public transport access includes 4 tram stops, 4 ferry wharfves, 15 bus stops. The crime rate in the Newcastle LGA is moderate at 6,285 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 2.9%, which reads as low yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 12.1x is considered stretched. House prices have moved -9.1% year-on-year. Population growth of +1.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.