Newcastle City Council, NSW

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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Capital Growth Heatmap

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.

Buy

2BR

3BR

4BR

5BR

Typical Price for houses in this council area. Percent changes indicate Year on Year growth or decline in house values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent

2BR

3BR

4BR

5BR

Median Weekly Rent for houses in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield

2BR

3BR

4BR

5BR

Yearly Gross Yield for houses in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for houses.

Buy

1BR

2BR

3BR

Typical Price for units in this council area. Percent changes indicate Year on Year growth or decline in unit values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent

1BR

2BR

3BR

Median Weekly Rent for units in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield

1BR

2BR

3BR

Yearly Gross Yield for units in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for units.

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Upgrade to Personal Plan to see Yield data.
Yield chart
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Demand chart
Upgrade to Professional Plan to see Buy & Rent Search Index data.
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How to use this Dashboard

This interactive dashboard illustrates the trends for key real estate metrics in the area. Use these metrics to determine potential return on investment from this property market and its’ sub-markets.

Upgrade to Personal Plan to unlock the trend forecast section on the Price, Rent & Yield graphs.

Get the Professional Subscription to see trends for advanced property market metrics that indicate real estate demand and supply in this LGA.

Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart

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.

Suburbs/localities in this Local Government Area: Cooks Hill 2300, Elermore Vale 2287, Fletcher 2287, Adamstown 2289, Georgetown 2298, Hamilton 2303, Hamilton East 2303, Hamilton North 2292, Hamilton South 2303, Bar Beach 2300, Hexham 2322, Islington 2296, Jesmond 2299, Kooragang 2304, Kotara 2289, Lambton 2299, Lenaghan 2322, Maryland 2287, Maryville 2293, Mayfield 2304, Mayfield East 2304, Mayfield North 2304, Mayfield West 2304, Merewether 2291, Merewether Heights 2291, Minmi 2287, New Lambton 2305, Newcastle 2300, Newcastle East 2300, Newcastle West 2302, Beresfield 2322, North Lambton 2299, Sandgate 2304, Shortland 2307, Stockton 2295, Birmingham Gardens 2287, Tarro 2322, The Hill 2300, The Junction 2291, Black Hill 2322, Tighes Hill 2297, Wallsend 2287, Warabrook 2304, Waratah 2298, Waratah West 2298, Wickham 2293, Broadmeadow 2292, Callaghan 2308, Carrington 2294

3 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. Is Newcastle CBD a good investment location on the rebound?

    Units are the most common dwelling style dominating Newcastle City along with a variety of older & newer semi-detached dwellings. 46% of dwellings in the area are units. 22% semi-detached 16% are Houses, and 15% other/commercial.

    However, suburbs 5 minutes outside the city like Kotara or New Lambton Houses are the most common form of dwelling and offer great value.

    Age mix for the area is 0 to 29 yo 33%, 30 to 49 yo is 26%, 50 & above is 30% so it’s a very attractive suburb for families and retirees.

    Newcastle experienced market growth of around 26.5% from February 2016 to January 2020.

    Price growth in recent years has been big in Newcastle with prices increasing 36% in the four years to now for houses and 17.4% for units. Only 0.69% of properties in the suburb are currently on the market with an average time of 33 days on the market.

    Units vary significantly depending on the age of the building number in the block and proximity to amenities and views. Median unit price is $663,000 in Newcastle.

    • 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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