Newcastle West is a small community in New South Wales within the Newcastle local government area (postcode 2302). With a population of 1,453, the suburb has an established demographic with a median age of 42. Households earn a median income of $85K per year, with an average household size of 1.7 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Newcastle West is $4.0 million, having dropped significantly 42.1% over the past year. Units have a median price of $755,000 (-7.2% YoY). The current median weekly rent is $720. This gives a gross rental yield of approximately 0.9%. The median monthly mortgage repayment is $1,907.
Newcastle West is served by 1 school, including 1 secondary. The average ICSEA score is 1077, which is above the national average of 1,000. Public transport access includes 23 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, Newcastle West offers a gross rental yield of 0.9%, rated as low yield. Property prices are above the state median ($4.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 47.1x is considered stretched. House prices have moved -42.1% year-on-year.
Newcastle West is a small community in New South Wales within the Newcastle local government area (postcode 2302). With a population of 1,453, the suburb has an established demographic with a median age of 42. Households earn a median income of $85K per year, with an average household size of 1.7 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Newcastle West is $4.0 million, having dropped significantly 42.1% over the past year. Units have a median price of $755,000 (-7.2% YoY). The current median weekly rent is $720. This gives a gross rental yield of approximately 0.9%. The median monthly mortgage repayment is $1,907.
Newcastle West is served by 1 school, including 1 secondary. The average ICSEA score is 1077, which is above the national average of 1,000. Public transport access includes 23 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, Newcastle West offers a gross rental yield of 0.9%, rated as low yield. Property prices are above the state median ($4.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 47.1x is considered stretched. House prices have moved -42.1% year-on-year.