Newcastle East is a small community in New South Wales within the Newcastle local government area (postcode 2300). With a population of 1,061, the suburb has a mature demographic with a median age of 47. Households earn a median income of $98K per year, with an average household size of 2.1 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Newcastle East is $1.6 million, having dropped significantly 37.3% over the past year. Units have a median price of $1.2 million (-33.8% YoY). The current median weekly rent is $680. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $3,238.
Public transport access includes 1 ferry wharf, 2 bus stops. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, Newcastle East offers a gross rental yield of 2.1%, rated as low yield. Property prices are near the state median ($1.6M/$1.5M). The price-to-income ratio of 16.8x is considered stretched. House prices have moved -37.3% year-on-year.
Newcastle East is a small community in New South Wales within the Newcastle local government area (postcode 2300). With a population of 1,061, the suburb has a mature demographic with a median age of 47. Households earn a median income of $98K per year, with an average household size of 2.1 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Newcastle East is $1.6 million, having dropped significantly 37.3% over the past year. Units have a median price of $1.2 million (-33.8% YoY). The current median weekly rent is $680. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $3,238.
Public transport access includes 1 ferry wharf, 2 bus stops. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, Newcastle East offers a gross rental yield of 2.1%, rated as low yield. Property prices are near the state median ($1.6M/$1.5M). The price-to-income ratio of 16.8x is considered stretched. House prices have moved -37.3% year-on-year.