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Newcastle, NSW 2300
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,810,000
list-price estimate
Median Unit
$1,000,000
market range $875K-$1.4M
Gross Yield (houses)
2.4%
1yr Growth (houses)
+7.6%
market range +2.5% to +10.0%
Investment snapshot for Newcastle
Newcastle has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Newcastle market and investor summary
In Newcastle, NSW 2300, houses show a gross rental yield of 2.4%. House prices have moved +7.6% over the past year and +17.5% over three years. At 1.5% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.4% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.5% and a resident base that is not shrinking. If you are weighing units rather than houses, a pipeline of new approvals is worth watching as future supply that can hold back apartment price and rent growth.
Living in Newcastle: people, income and schools
Newcastle is home to around 3,852 people, and the area has been growing steadily, up about 15% over five years. At a median age of 41, it reads as skewed a little older, with renters making up 54% of households.
The typical household income runs to around $101,000 a year (about $1,940 a week). On socio-economic measures it ranks among the most advantaged in the country (9 out of 10 on the ABS advantage index). Incomes have risen about 13% over five years, which tends to underpin what local buyers can pay.
Families have 27 schools within roughly 5km to choose from, and they test well above the national school average on ICSEA, a draw for education-focused families. Some errands can be done on foot, though a car still helps; the suburb scores 67 for walkability and 70 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 3,852
- +15% over 5yr
- Median age
- 41 years
- Median household income
- $101,000/yr
- Households renting
- 54%
- Family households
- 46%
- Socio-economic rank
- 9/10
- ABS advantage index
- Schools within 5km
- 27
- avg ICSEA 1167
- Unemployment
- 4.1%
- Walk score
- 67/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Newcastle
View all →Frequently asked questions about Newcastle
What should I check before investing in Newcastle?
Newcastle has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +7.6% in the past year shows positive recent price momentum. Tight rental market (1.5% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Newcastle?
The median property price in Newcastle, NSW 2300 is $1M for units.
What rental yield does Newcastle show?
The gross rental yield in Newcastle is 2.4% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Newcastle?
House prices in Newcastle are up 7.6% over the past year and up 17.5% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Newcastle?
The current vacancy rate in Newcastle is 1.5%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Newcastle?
Newcastle has a population of approximately 3,852 residents, with a median age of 41.
What schools are near Newcastle?
There are 27 schools within roughly 5km of Newcastle. Their average ICSEA sits well above the national mean of 1000, which points to a more advantaged school catchment. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Newcastle's population growing?
The population of Newcastle has grown about 15% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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