Property Prices in Newcastle, Australia

Index Info
Price to Income Ratio: 3.91
Mortgage as Percentage of Income: 29.92%
Loan Affordability Index: 3.34
Price to Rent Ratio - City Centre: 10.15
Price to Rent Ratio - Outside of Centre: 13.55
Gross Rental Yield (City Centre): 9.85%
Gross Rental Yield (Outside of Centre): 7.38%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 2,297.20 A$ 1,800.00-2,780.00
Apartment (1 bedroom) Outside of Centre 1,634.00 A$ 1,500.00-2,100.00
Apartment (3 bedrooms) in City Centre 3,322.00 A$ 2,800.00-3,733.00
Apartment (3 bedrooms) Outside of Centre 2,403.20 A$ 2,000.00-3,000.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 430.93 A$ 139.35-722.50
Price per Square Feet to Buy Apartment Outside of Centre 411.84 A$ 111.48-712.19
Salaries And Financing
Average Monthly Net Salary (After Tax) 5,802.72 A$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.60 2.80-6.50

These data are based on 48 entries in the past 18 months from 8 different contributors.
Last update: September 2023

Sources and References
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