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.
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%