Inner city Newcastle recorded a median house price of $750,000 and $575,500 for units in Q3 2017, representing an annual price change of 7.1% and 25.7% respectively. Over the same period of time (Q3 2016 – Q3 2017) house prices in Newcastle LGA grew by 11.1%% to $600,000 and unit prices grew by 12.7% to $495,000. Inner city Newcastle property prices are above the Newcastle LGA average, with continuous positive growth trend. The inner city Newcastle is a more sought after market by buyers and investors.
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