Showing robust growth over the past two years, the Newcastle CBD’s rental market is soaring, with over 56% of households renting, surpassing both NSW and Sydney averages. The city’s affordable living and appealing lifestyle allure new rental households, resulting in unprecedented rental rates.
The high proportion of households renting, combined with a low vacancy rate, is underpinning the continuing demand for rental properties in the Newcastle CBD. With stage two now available, it is the perfect time to consider investing in the ONE.
Download the URBIS Market Outlook Report for the latest market research on investing in Newcastle.