Property Prices in Newcastle, Australia

Index Info
Price to Income Ratio: 4.96
Mortgage as Percentage of Income: 36.03%
Loan Affordability Index: 2.78
Price to Rent Ratio - City Centre: 19.36
Price to Rent Ratio - Outside of Centre: 14.43
Gross Rental Yield (City Centre): 5.16%
Gross Rental Yield (Outside of Centre): 6.93%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 1,378.70 A$ 1,000.00-2,500.00
Apartment (1 bedroom) Outside of Centre 1,430.43 A$ 1,000.00-2,000.00
Apartment (3 bedrooms) in City Centre 3,700.00 A$ 2,900.00-4,500.00
Apartment (3 bedrooms) Outside of Centre 2,018.48 A$ 1,800.00-3,000.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 660.63 A$ 139.35-1,300.63
Price per Square Feet to Buy Apartment Outside of Centre 377.80 A$ 111.48-836.12
Salaries And Financing
Average Monthly Net Salary (After Tax) 5,635.71 A$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.99 2.80-5.00

These data are based on 42 entries in the past 18 months from 10 different contributors.
Last update: April 2021

Sources and References
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