Newcastle is a smaller suburb in New South Wales within the Newcastle local government area (postcode 2300). With a population of 3,852, the suburb has an established demographic with a median age of 41. Households earn a median income of $101K per year, with an average household size of 1.7 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Newcastle is $1.5 million, having dropped significantly 30.2% over the past year. Units have a median price of $898,000 (-12.2% YoY). The current median weekly rent is $680. This gives a gross rental yield of approximately 2.4%. 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 6,194 incidents per 100,000 population.
From an investment perspective, Newcastle offers a gross rental yield of 2.4%, rated as low yield. Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 14.8x is considered stretched. House prices have moved -30.2% year-on-year.
Newcastle is a smaller suburb in New South Wales within the Newcastle local government area (postcode 2300). With a population of 3,852, the suburb has an established demographic with a median age of 41. Households earn a median income of $101K per year, with an average household size of 1.7 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Newcastle is $1.5 million, having dropped significantly 30.2% over the past year. Units have a median price of $898,000 (-12.2% YoY). The current median weekly rent is $680. This gives a gross rental yield of approximately 2.4%. 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 6,194 incidents per 100,000 population.
From an investment perspective, Newcastle offers a gross rental yield of 2.4%, rated as low yield. Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 14.8x is considered stretched. House prices have moved -30.2% year-on-year.