Newcastle East tops list of 2017 Newcastle property hotspots

Newcastle East tops list of 2017 Newcastle property hotspots
Newcastle East tops list of 2017 Newcastle property hotspots

Newcastle East takes the top spot as Newcastle's 2016/2017 hotspot for investing in houses with an expected increase of five percent over the next 12 months.

The current median price at Newcastle East is $996,250, according to APM, in their forecast developed by APM senior economist, Dr Andrew Wilson.

Newcastle East tops list of 2017 Newcastle property hotspots

An example would be a two bedroom house at 4 Beach Street that was recently sold for $1,309,000, which is $312,750 more than the median price.

The Smart Investor magazine, published by Fairfax Media, ranked Clarence Town as second best hotspot along with Soldiers Point.

Suburb                  Postcode           Median price           12 month forecast

Newcastle East       2300                  $996,250                             5%

Clarence Town       2321                   $490,000                             4%

Soldiers Point         2317                  $695,000                            4%

Carey Bay              2283                  $435,000                            3%

Wickham               2293                  $525,000                            3%

Islington                2296                  $510,000                            3%

Tighes Hill              2297                  $560,000                            3%

Kilaben Bay            2283                  $600,000                            3%

Cooks Hill               2300                  $775,000                           3%

The Hill                   2300                 $930,000                            3%

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Newcastle Investar

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