Newcastle, NSW 2300
Newcastle property market
Unit rentals make up most of Newcastle's activity, with 467 leases (down 1.7%) at $750 a week (up 7.9%) as of July 2026, renting out in about 14 days (down from 17 days last year), one of the country's most in-demand unit rental markets, with 2-bedroom and 1-bedroom about even at around 45% each.
Unit sales come a distant second, with 182 sales (down 5.2%) at around $1.004M (up 16.6%), taking about 43 days to sell (up a lot from 33 days last year), with prices growing faster than most unit markets in NSW, with just under half being 2-bedroom. Followed by 21 house rentals at $800 a week (among the country's biggest house rent drops).
Who lives hereAn above-average-income, renter-majority, young-professional suburb — apartment-dominated, newcomer-heavy and very walkable.
House covers houses, duplexes, semi-detached and terraces; Unit covers apartments, units, townhouses and villas.
Newcastle demographics & population
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing and Socio-Economic Indexes for Areas (SEIFA) 2021 · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
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InsideWho lives here · What homes cost to buy & rent · How fast homes are selling · How much is for sale or rent · How it compares to nearby suburbs · Schools nearby
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Who lives in Newcastle?
The age structure, household make-up, and cultural fabric of the people who call this suburb home.
Share of all residents by 5-year band · hover a band for the count + split
A strongly multicultural community with deep migrant heritage.
2020–21 understated — COVID border closures.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Housing & affordability in Newcastle
What it costs to live here, who owns versus rents, and the shape of the housing stock.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Income & employment in Newcastle
Incomes, employment, and the occupation mix of the people who live here.
A typical household pulls in about 2.0× the typical individual — a multi-earner area.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Getting around Newcastle
How people get to work, and how car-dependent the suburb is — the clearest tell of inner-urban versus outer-suburban living.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Education · ACARA My School 2025
Schools in and around Newcastle
1 school inside Newcastle, plus the closest options around it. Families can choose from 1 primary school in Newcastle and its surrounds — no high school sits within this radius. Distances are straight-line from the suburb centre and are not enrolment catchments — always confirm zones with the school.
ICSEA is ACARA’s official measure of a school’s socio-educational advantage — based mainly on parents’ education and occupation, plus the school’s location and student mix.
- Within Newcastle · 1Order by
- 1Newcastle East Public SchoolGovernment · Primary · Co-ed · Years K-6 · Within suburbState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students315Multilingual50%ICSEA Rank50th
Why are some State Rank and star ratings blank? Schools can choose not to publish their results. In practice, schools that score well above their state average almost always publish theirs — so a blank rating more often reflects a school opting out than a top result being hidden. Academic results also tend to rise with ICSEA Rank, so higher-ICSEA schools more often carry a strong State Rank as well.
School profile and ICSEA data sourced from ACARA — © Australian Curriculum, Assessment and Reporting Authority (data year 2025) · State Rank & star columns are Micromarkets-compiled academic ratings from publicly available school results · Distances are straight-line from the suburb centre, not catchments.
Turnover
How settled or transient the community is — and where newcomers came from.
Newcastle median house price & rent
Headline price, rent, yield and time on market for Newcastle — choose a property type and size below.
House & unit prices by bedroom
Every segment this suburb tracks — sales and rentals side by side, ranked by total activity over the last twelve months.
Newcastle property growth
Where each segment sits against its peers in the chosen geography — past the midline means it's outperforming the rest.
Market demandHow fast this market is moving — a velocity index built from trailing-year transaction volume and median days on market. Strong volume lifts the score; days on market drags it down, with the drag growing sharply once listings start lingering. Ranked against peers in the chosen geography.
Houses
Units
Buying vs renting in Newcastle
What it costs each week to own a property versus renting the same one — positive means buying carries the premium, negative means rent covers the mortgage.
How strong is demand, and which way is it heading?
Two questions on one chart — how strong demand is right now, and which way it's heading year-on-year.
Sales market velocity
Newcastle against the neighbourhood
Eight diagnostic views cutting the data a different way each time — Newcastle in blue, peers in colour.
How fast — and is it getting faster?
Housing supply & months of stock
How long current listings would take to clear at the recent rate of sales or leases. Critical shortage and Oversupply only fire at the genuine tails of the national distribution — sales tip in under 0.7 months, rentals far faster, under 0.3.
Sales market
| Segment | Band | Months of supply left | YoYYoY change12-month change in months of supply. Down means stock is tightening (fewer months than a year ago); up means stock is loosening. | ListedListedActive listings in this segment right now, derived from months of supply multiplied by the recent transaction rate. | SoldSold (last year)Total sold transactions completed in this segment over the last 12 months. | Per monthPer monthAverage monthly absorption — how many properties are sold each month in this segment, over the last 12 months. |
|---|---|---|---|---|---|---|
| Severe shortage | 1.2 | ▼ -1.6 | 3 | 31 | 2.6 | |
| Tight | 1.6 | ▼ -0.4 | 4 | 31 | 2.6 | |
| Balanced | 2.7 | — | 7 | 31 | 2.6 | |
| Slightly loose | 3.7 | ▼ -2.2 | 10 | 31 | 2.6 | |
| Loose | 4.3 | ▲ +2.0 | 11 | 31 | 2.6 | |
| Loose | 5.6 | ▼ -3.4 | 14 | 31 | 2.6 | |
| Loose | 6.0 | ▲ +3.6 | 16 | 31 | 2.6 |
Rental market
| Segment | Band | Months of supply left | YoYYoY change12-month change in months of supply. Down means stock is tightening (fewer months than a year ago); up means stock is loosening. | ListedListedActive listings in this segment right now, derived from months of supply multiplied by the recent transaction rate. | LeasedLeased (last year)Total leased transactions completed in this segment over the last 12 months. | Per monthPer monthAverage monthly absorption — how many properties are leased each month in this segment, over the last 12 months. |
|---|---|---|---|---|---|---|
| Severe shortage | 0.3 | ▼ -2.7 | 2 | 77 | 6.4 | |
| National typical | 0.7 | ▼ -1.3 | 4 | 77 | 6.4 | |
| National typical | 0.7 | ▼ -1.3 | 4 | 77 | 6.4 | |
| Oversupply | 2.0 | ▲ +0.4 | 13 | 77 | 6.4 | |
| Oversupply | 2.2 | ▲ +0.9 | 14 | 77 | 6.4 | |
| Oversupply | 2.5 | ▲ +2.5 | 16 | 77 | 6.4 | |
| Oversupply | 2.6 | ▲ +0.3 | 17 | 77 | 6.4 |
Who's transacting — buyers or tenants?
Out of every property transaction in this suburb, what share are sales versus leases — each point a rolling twelve-month window.
Newcastle — Units & Houses, all bedrooms
Newcastle median house price & rent history
Each tape traces one metric across sixty months for the selected segment — every point a trailing twelve-month figure, matching the headline KPIs above.
Five-year summaryAs of Jun 2026, the median house sale price in Newcastle fell from $1.48M (Jul 2021) to $1.29M (Jun 2026) — a 12.8% decline over five years — peaking at $2.11M between Jan 2023 and Dec 2023. Median house rent went from $320/wk to $695/wk (+117.2%) over the same period. For units, the median sale price rose from $473k to $642k (+35.7%), with rent up from $285/wk to $423/wk (+48.4%) over the same period.
Suburbs near Newcastle: prices compared
The nearest suburbs to Newcastle, ranked by distance — each lined up against Newcastle on the same measures, so the differences jump out at a glance.
Suburbs like Newcastle
Suburbs anywhere in NSW that behave like Newcastle — matched on price, growth, selling speed and demand, not on distance. A shortlist of markets that move the same way — including ones far away you'd never think to compare. (Want the suburbs right next door instead? See Nearby markets above.)
Newcastle vs Point Clare: the closest sales-market match trades at a median of $559k against Newcastle's $1.04M — about 46% lower, with homes selling in 45 days versus 25 days here.
Comparable sales markets to Newcastle: Point Clare house prices, Pymble property market, Cooks Hill median house price, Marsden Park property growth and Wickham property growth.
Newcastle's closest rental-market twins: Wickham property growth, Marsden Park property growth, Pymble property market, Cooks Hill property market and Point Clare house prices. Each link opens that suburb's full market report.
Frequently asked · Newcastle
25 data-driven answers about Newcastle's property market — every one computed from the metrics above.
What things cost
Prices, rent, yield, ownership costWhat is the median house price in Newcastle?
#The median house price in Newcastle, NSW 2300 is $1.04M as of June 2026, based on 36 sales over the past 12 months. Houses there have moved +50.0% year-on-year. Prices vary by bedroom count, from compact two-bedroom homes to larger four-bedroom houses. See the bedroom-level breakdown below for 2-, 3- and 4-bedroom medians.
What is the median unit price in Newcastle?
#The median unit price in Newcastle, NSW 2300 is $1.04M as of June 2026, based on 36 sales over the past 12 months. Units have moved +50.0% year-on-year and currently trade at roughly 100% of the median house price.
How much does it cost to rent in Newcastle?
#The median weekly house rent in Newcastle is $599 as of June 2026, drawn from 94 leases over the past 12 months. Units rent for around $599 per week. House rents have moved +0.5% year-on-year. Current vacancy pressure is shown in the supply section above.
How much is rent for a 3 bedroom house in Newcastle?
#A 3 bedroom house in Newcastle rents for a median $599 per week as of June 2026, drawn from 94 leases over the past 12 months. Across other house sizes: 2-bedroom $599/week, 4-bedroom $599/week. Unit rents: 1-bedroom $599/week, 2-bedroom $599/week, 3-bedroom $599/week. Figures cover only segments with enough recent leases to be statistically meaningful; sparse segments are excluded. The segment breakdown covers rent, yield and days on market for every property type and bedroom count.
What is the gross rental yield in Newcastle?
#Gross rental yield in Newcastle is 2.97% for houses and 2.97% for units as of June 2026, compared with the NSW unit median of 3.29%. Gross yield is annual rent divided by purchase price — it doesn't account for ownership costs like council rates, strata, maintenance or vacancy.
How much is a 3 bedroom house in Newcastle?
#As of June 2026, Newcastle medians by bedroom count:
| Property | 1 bed | 2 bed | 3 bed | 4 bed | Total |
|---|---|---|---|---|---|
| Houses | — | $1.04M | $1.04M | — | $1.04M |
| Units | $1.04M | $1.04M | $1.04M | — | $1.04M |
Figures cover only segments with enough recent transactions to be statistically meaningful; sparse segments are excluded.
What does it cost to own versus rent at the Newcastle median?
#At the median Newcastle unit ($1.04M purchase, $599/week rent), weekly mortgage repayments sit at roughly $980 — about $381 more per week than renting. That gap is the ownership premium. Figures assume 80% LVR, a 6.0% interest rate and a 30-year principal-and-interest loan.
How the market is moving
Speed, supply, growth, cycle phaseWhat are Newcastle's property market trends?
#Newcastle's property market trends to June 2026: house prices rose +50.0% year-on-year and units +50.0%; weekly house rents moved +0.5%; homes now sell in a median 25 days — faster than a year ago by 16; sales supply sits at 1.6 months (severe). Read together — price, rent, selling speed and supply — they show which way the Newcastle market is leaning. The 5-year tape and demand cycle charts above plot the full trajectory.
What does the data say about Newcastle as an investment?
#As of June 2026 in Newcastle, house prices rose +50.0% over the year, gross rental yield is 2.97% against a NSW median of 2.73%, houses take a median 25 days to sell, sales supply is 1.6 months (severe). Capital growth, rental yield, selling speed and supply are the signals investors weigh — but these figures describe the market, not a recommendation. This is data, not financial advice; always do your own research and consider a licensed adviser.
How quickly do houses sell in Newcastle?
#Houses in Newcastle sell in a median 25 days on market as of June 2026, with units clearing slightly similarly at 25 days. Days on market have tightened by 16 days versus a year ago. Faster clearance typically coincides with stronger buyer demand and lower supply.
Is Newcastle a tight or loose property market right now?
#Newcastle's sales market sits at 1.6 months of supply for houses as of June 2026 — classified as Severe (extreme shortage) against the Australian distribution. Under 1.7 months is Severe (extreme shortage); over 4.5 months is Loose. The rental side is looser at 2.6 months of supply.
Have property prices in Newcastle gone up or down?
#House prices in Newcastle moved +50.0% over the 12 months to June 2026, while units moved +50.0%. The 5-year tape above plots the full monthly trajectory — showing where the market changed character rather than just crossing round numbers.
How active is the rental market in Newcastle?
#Newcastle's house rental market sits at 2.6 months of supply as of June 2026 — classified as Saturated (extreme oversupply), with 77 houses leased over the past 12 months. Units sit at 2.0 months. Tighter supply typically corresponds to faster letting and upward pressure on rents.
How it compares
Vs state, vs nearby, vs popularHow does Newcastle compare to other NSW suburbs?
#Newcastle's median house price ($1.04M) is 1% above the NSW median ($1.03M) as of June 2026. On selling speed, houses clear in 25 days vs 20 days state median. On gross yield, Newcastle sits at 2.97% vs 2.73% state median.
How does Newcastle compare to neighbouring suburbs?
#Newcastle's most-similar nearby market is Dundas (93.1 km away) with a median house price of $1.24M — about 19% pricier. The Nearby and Similar markets sections above rank every peer within radius and by composite similarity across price, days on market, yield, ownership cost and cycle phase.
What's the most popular property type in Newcastle?
#The most-transacted segment in Newcastle over the 12 months to June 2026 is 2 bed houses with 31 sales. 3 bed houses come second at 31 sales. The buying-versus-renting section above breaks down the top segments with weekly mortgage, rent and ownership-cost detail.
How many properties were sold and leased in Newcastle last year?
#Newcastle recorded 31 house sales and 31 unit sales over the 12 months to June 2026 — a combined 62 transactions. On the rental side, 77 houses and 77 units were leased. Segments with statistically thin samples are excluded from displayed figures.
About the area
Population, income, who lives here, schoolsWhat postcode is Newcastle in?
#Newcastle is in postcode 2300, in the Newcastle & Lake Macquarie region of NSW. Addresses there are written as Newcastle, NSW 2300.
What is the population of Newcastle?
#Newcastle, NSW 2300 is home to 2,619 residents (ABS Census 2021). The median resident age is 33, and the average household holds 1.5 people. The "Who lives here" section above breaks the community down by age, life stage and tenure.
What is the median household income in Newcastle?
#The median household in Newcastle earns $2k per week — roughly $79k a year (ABS Census 2021). Median personal income runs $768/week. Income, rent-to-income and mortgage-to-income context sits in the "Who lives here" section above.
What is the unemployment rate in Newcastle?
#The unemployment rate in Newcastle is 50.0% (ABS Census 2021). That sits right around the median for Australian suburbs. The rate counts people who are working or actively looking for work — not a share of all residents. Workforce participation sits at 50%. The local economy section above covers incomes, employment status and the occupation mix.
Do people own or rent in Newcastle?
#Newcastle is mostly owner-occupied: about 100% of households are owner-occupiers and 50% rent (ABS Census 2021). Of owners, 50% own outright and 50% are paying off a mortgage.
What schools are near Newcastle?
#Newcastle has 148 schools within reach, 1 of them inside the suburb itself — including Newcastle East Public School. The Schools section above maps each one with sector, year range, enrolment, Micromarkets-compiled academic ratings and ICSEA (ACARA).
Is Newcastle a good place to live?
#Newcastle, NSW 2300 has a population of 2,619, a median age of 33, a median household income around $2k/week, 50% of households renting (ABS Census 2021). There are 148 schools within reach. Whether it's the right fit depends on your priorities — these figures describe the community, housing mix and amenity rather than offer a verdict.
About this data
Methodology and update cadenceWhen was this Newcastle market data last updated?
#This Newcastle market data was last updated July 2026, covering the 12 months to June 2026. Figures are computed monthly from 12-month rolling windows of recorded sales and leases, with five years of monthly history behind the trend charts. Methodology, glossary and data sources are linked in the footer.