Balanced rental housing market in Newcastle: HTW

Balanced rental housing market in Newcastle: HTW
Balanced rental housing market in Newcastle: HTW

The Newcastle housing market is currently balanced with rental vacancy in a period of stability, according to a recent Herron Todd White (HTW) report.

The property valuation firm says that the trend in the Newcastle is towards a tightening rental vacancy.

It also noted a very strong demand for newly constructed houses.

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Balanced rental housing market in Newcastle: HTW

Newcastle is at the peak of the housing market with new properties almost always being sold at prices exceeding their potential resale value, the firm says.

A four bedroom house at 62 Wolfe Street, Newcastle (above) recently sold for $975,000.

Similarly, a three bedroom house at 336 Wharf Road, Newcastle (below) recently sold for $660,000.

Balanced rental housing market in Newcastle: HTW

A three bedroom house at 141 Parry Street, Newcastle (below) is available for rent from $530 per week.

Balanced rental housing market in Newcastle: HTW

A seven bedroom house at 18 Church Street, Newcastle (below) is available from $185 per week.

Balanced rental housing market in Newcastle: HTW

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Newcastle Htw

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