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Newcastle West, NSW 2302
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$2,300,000
market range $1.4M-$2.3M
Median Unit
$1,190,000
list-price estimate
Gross Yield (houses)
0.9%
1yr Growth (units)
+3.1%
market range -2.5% to +10.0%
Investment snapshot for Newcastle West
Newcastle West has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Newcastle West market and investor summary
Newcastle West (NSW 2302) runs a median house price of $2.3M, with houses yielding a gross 0.9%. At 1.0% 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 0.9% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.0% 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 West: people, income and schools
Newcastle West is home to around 1,453 people, and the area has been growing steadily, up about 11% over five years. The median age is 42, skewed a little older, with renters making up 53% of households.
Households here earn a median of about $85,000 a year, or roughly $1,640 a week. On socio-economic measures it ranks comfortably above the national middle (7 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 27.0 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 30% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
There are 45 schools within about 5km, testing a little above the national school average on ICSEA. Some errands can be done on foot, though a car still helps; the suburb scores 68 for walkability and 61 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 1,453
- +11% over 5yr
- Median age
- 42 years
- Median household income
- $85,000/yr
- Households renting
- 53%
- Family households
- 43%
- Socio-economic rank
- 7/10
- ABS advantage index
- Schools within 5km
- 45
- avg ICSEA 1060
- Unemployment
- 4.7%
- Walk score
- 68/100
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 West
View all →Frequently asked questions about Newcastle West
What should I check before investing in Newcastle West?
Newcastle West has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.6% gives a usable rent-to-price starting point. Tight rental market (1.0% 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 West?
The median property price in Newcastle West, NSW 2302 is $2.3M for houses.
What rental yield does Newcastle West show?
The gross rental yield in Newcastle West is 0.9% for houses and 4.6% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Newcastle West?
The current vacancy rate in Newcastle West is 1.0%. 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 West?
Newcastle West has a population of approximately 1,453 residents, with a median age of 42.
What schools are near Newcastle West?
There are 45 schools within roughly 5km of Newcastle West. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Newcastle West affordable to buy in?
A median house in Newcastle West costs about 27.0 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Newcastle West's population growing?
The population of Newcastle West has grown about 11% 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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