Property Prices in Newcastle, Australia

Index Info
Price to Income Ratio: 7.55
Mortgage as Percentage of Income: 68.92%
Loan Affordability Index: 1.45
Price to Rent Ratio - City Centre: 18.85
Price to Rent Ratio - Outside of Centre: 22.24
Gross Rental Yield (City Centre): 5.31%
Gross Rental Yield (Outside of Centre): 4.50%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 2,240.00 A$ 1,800.00-2,686.00
Apartment (1 bedroom) Outside of Centre 1,645.00 A$ 1,200.00-2,100.00
Apartment (3 bedrooms) in City Centre 3,583.25 A$ 3,500.00-3,800.00
Apartment (3 bedrooms) Outside of Centre 2,563.20 A$ 2,000.00-3,000.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 812.89 A$ 696.77-929.02
Price per Square Feet to Buy Apartment Outside of Centre 696.77 A$ 650.32-743.22
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 5,378.11 A$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.75 6.50-7.50

These data are based on 53 entries in the past 18 months from 13 different contributors.
Last update: November 2024

Sources and References
Sign Up for Our Newsletter:
Your Email Address:
Leave a comment:

Your name: Sign In

Your email address (optional):

Your comment (no HTML):

0 Comments so far