For investors considering Newcastle (2300), gross yield is the starting point, but it is the net yield after outgoings (council rates, strata levies, property management, maintenance) that determines actual cash-flow position. The figures shown are gross. As a rule of thumb, subtract 1.5 to 2.5 percentage points to arrive at a net yield estimate, depending on property type and strata status.
Can I afford Newcastle?
Rental market in Newcastle
Median weekly rent from lodged bonds. Sep 2025. Based on 81 new bond lodgements this quarter.
Rents here are at the higher end for Sydney. Higher holding costs for investors; higher savings pressure for renters.
Median weekly rent · Unit · 2 bed
$700per week
Sep 2025 · 81 bonds lodged
Quarterly trend · last 12 quarters
Nearby suburbs · same combination
Newcastle West2302
$745▲$45
2.0 km away
Hamilton2303
$470▼$230
3.2 km away
Merewether2291
$600▼$100
4.1 km away
Mayfield2304
$525▼$175
5.8 km away
NSW DCJ Rental Bond Board↗ · Sep 2025 · CC BY. Cells with 10 or fewer bond lodgements are suppressed; cells with 30 or fewer have the bond count suppressed but rent published. Figures are transacted rents, not asking rents.
A low vacancy rate in Newcastle indicates strong tenant demand relative to supply, typically a positive signal for landlords and a sign that the suburb has sustained rental appeal. Vacancy rates below 2% in Sydney are generally considered a landlord's market; above 3% signals softer conditions. Compare the Newcastle rate to the wider Newcastle LGA to understand whether it is suburb-specific or part of a broader area trend.
