The prices in real estate in Newcastle, in the New South Wales region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per m² in Newcastle has remained the same in the last 6 months. In September, the average price per m² was $678. In October this price pretty much remained the same at a value of $683 per m². In the following two months the price per m² has barely changed, going from $680.5 to $673.5 per m². The price per m² has decreased 93 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per m² of $677 to $628.5 during January, and February.
Based upon to the price in Newcastle (suburbs), these have remained the same in the last 6 months. In our first sample month during September, the average price is $642,998. In October This price remains at $655,484. In the following two months the average price has remained the same with regard to the previous two months from $649,241 to $624,190. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from $636,715.5 to $589,434 in January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $613,900 they are 29 % more affordable than the average price for Newcastle. The properties with the highest average price have 4 bedrooms, Their price is 24 % more costly than the average. After that we have properties with 2 bedrooms priced at $677,344.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of $657 / m², with an average $661 / m² price in Newcastle. The properties with the highest average prices have 1 bedroom. They are 113 % more expensive than the average followed by properties with 2 bedrooms with a price at $1,253 / m².
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $613,900 it is 37 % cheaper than the average price in Newcastle. "Villa" is seen as the second most affordable property type. The dearest property type is "Acreage" followed by "Townhouse". At a price of $880,943 it is 116 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "House" at an average cost of $572 / m² followed by "Land" priced at $1,695 / m². "Acreage" is the most costly type of property with a $115,775 / m² cost followed by "Apartment" with an average price of $6,323 / m².