Is NEWCASTLE WEST a good suburb for positive geared property investment in Australia?

NEWCASTLE WEST in NSW currently features property rental yields up to 3.1% with a 12-month capital growth value of Up 125.0%. Under standard conditions, suburbs with yields above 5.0% represent strong positive gearing potential.

What is the median house price in NEWCASTLE WEST 2302?

The median house price in NEWCASTLE WEST 2302 is approximately $1,800,000 based on the latest tracked market indices.

Investment Spotlight • Australia

NEWCASTLE WEST 2302

State: NSW

Updated: 6 August 2026

PosiProp AI Investment Summary

NEWCASTLE WEST (NSW 2302) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 3.1% and has experienced a 12-month capital growth of Up 125.0%, with a median house buy price of $1,800,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.

Positive Gearing Potential Verified: Suburb rental index metrics qualify Richmond for positive cash flow portfolios. Review the price brackets and explore the live listings below.

Market Yield & Price Indices

2 house • buy

$952,500

Up 25.3% 2.7% Yield

3 house • buy

$1,900,000

Not available 3.1% Yield

4 house • buy

–

Not available 3.3% Yield

all house • buy

$1,800,000

Up 125.0% 3.1% Yield

Suburb Market Profile

Last month Newcastle West had 16 properties available for rent and 20 properties for sale. Median property prices over the last year range from $1,800,000 for houses to $750,000 for units. If you are looking for an investment property, consider houses in Newcastle West rent out for $650 PW with an annual rental yield of 3.1% and units rent for $700 PW with a rental yield of 4.3%. Newcastle West has seen an annual compound growth rate of 125.0% for houses and 6.4% for units.

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