CONVEYANCING NEWCASTLE SUBURB NEWCASTLE CITY
NEWCASTLE CITY OVERVIEW
Newcastle is on the southern bank of the Hunter River mouth. The northern side is dominated by sand dunes, swamps and multiple river channels. A "green belt" protecting plant and wildlife flanks the city from the west (Watagan mountains) around to the north where it meets the coast just north of Stockton. Urban development is mainly restricted to the hilly southern bank. The small town of Stockton sits opposite central Newcastle at the river mouth and is linked by ferry. Road access between Stockton and central Newcastle is via the Stockton Bridge, a distance of 20 km (12 mi). Much of the city is undercut by the coal measures of the Sydney sedimentary basin, and what were once numerous coal-mining villages located in the hills and valleys around the port have merged into a single urban area extending southwards to Lake Macquarie.
Newcastle forms part of the glorious area known as the Hunter Region.
NEWCASTLE STATISTICS 2018
The median price for houses is $1,168,972 and the median price for units is $707,222. House prices in Newcastle have grown by 20.98% in the past 3 years and -16.37% last year. Unit prices in Newcastle have grown by 19.90% in the past 3 years. The average house in Newcastle is rented for $210 per week and returns a rental return of 3.31%. The median weekly rental price on units is $520 and the rental return is 3.83%. Houses in Newcastle take an average of 273 days before selling and the average time for a unit to sell is 42 days. There were 4 houses sold last year and 97 units sold last year in Newcastle.
People 2,753 Male 52.5% Female 47.5% Median age 41
Families 623 Average children per family
for families with children1.4
for all families 0.2
All private dwellings 1,904
Average people per household 1.8
Median weekly household income$1,849
Median monthly mortgage repayments $2,167
Median weekly rent $450
Census Data 2016
CONVEYANCING | NEWCASTLE | LAKE MACQUARIE | HUNTER VALLEY
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