Average House Price in Newcastle NSW
There are major concerns in New South Wales over an affordability crisis in the housing market, something reflected across the country, but seemingly worse here. According to the Perceptions of Housing Affordability report, 87% of Australians that want to own a home feel that they cannot afford to. A lot of this stems from steady price increases and the high rise of stamp duty over the years. This heavy tax has increased by 750% in 20 years. These measures have placed some homes in the state, especially the Sydney area, out of the reach of a number of families and couples. Even though the average house price Newcastle NSW is growing, Newcastle is fast becoming an affordable alternative for Sydney siders.
Both house prices and rental prices are on the rise in Newcastle, NSW.
Data for recent house prices varies, but each source highlights a dramatic increase. Some report that in the past year, the average house price in Newc...
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