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Newcastle City Council, NSW

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The City of Newcastle is a local government area in New South Wales, Australia, located in the Hunter region. The City of Newcastle property market is considered to be affordable, with a large number of properties available at lower prices.

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The area is growing in popularity, with many young professionals and families attracted to the area’s vibrancy and affordability. Professionals (27.2 %) are the most prevalent profession in Newcastle, followed by Clerical and Administrative Workers (13.1 %), Technicians and Trades Workers (12.9 %), Community and Personal Service Workers (12.3 %), and Managers (10.0 %).

Newcastle residents aged 15 years and above have a median weekly personal income of $660.

In Newcastle, 71.1 % of occupied private residences are detached houses, 15.4 % are semi-detached, row or terrace houses, townhouses, or other dwellings, 12.7 % are flats or apartments, and 0.4 % are other dwellings.

Investors are increasingly targeting the Newcastle market, with a number of new developments underway. The market is expected to continue to grow in popularity, with prices predicted to rise in the coming years. Investors should be aware that the market is becoming increasingly competitive, and that properties in prime locations are often snapped up quickly.

The best areas to invest in Newcastle, NSW are typically the inner city suburbs, where prices are more affordable than in the coastal suburbs. Some of the best areas include The Junction, Cooks Hill, and Hamilton.

It is worth noting that the Newcastle market is largely dependent on the Sydney market, so any downturn in Sydney could have a negative impact on the Newcastle market.

Discover the latest property price trends for the Newcastle LGA wit the help of interactive dashboard on this page.

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Suburb Heatmap Analysis

Property Market Snapshot

This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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Property Market in Newcastle City Council, NSW

What other property markets are there near Newcastle City Council, NSW?

Newcastle City Council is surrounded by 4 other council areas – Maitland, Lake Macquarie, Cessnock, Port Stephens.

2 thoughts on “Newcastle City Council, NSW”

  1. Are you a real estate professional with an extensive knowledge of the Newcastle property market? Our members would love to hear from you! What is the market outlook for Newcastle LGA from your point of view? Share your insights in a comment below.

  2. I wouldn’t be investing in units there are many high rise projects being completed which will mean an oversupply. Established houses with decent yard size in landlocked inner city suburbs such as Lambton you mentioned, Broadmeadow, Adamstown, Hamilton, Georgetown, etc are good buys regardless of timing but Merewether is the best, most expensive suburb by the beach.

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