Housing Affordability
Newcastle has the highest home ownership rates in Australia. The Hunter’s median house price is considerably less than capital cities, so you can own your own home for a lot less and still enjoy asset growth.
| Housing Affordability | |
|---|---|
| The median house price for the Hunter region is | $319,000 |
| In Sydney | $550,890 |
| In Brisbane | $443,203 |
| In Melbourne | $439,210 |
| In Adelaide | $411,885 |
| In Perth | $513,771 |
| In Darwin | $463,560 |
Fewer Government Charges
- Fewer Government charges mean lower costs for building a new house or home unit.
- Government charges represent 34.8% of the cost of a new home in Sydney’s North West, compared with significantly lower 23.0% in the Hunter.
| Lower Rental Prices {ABS 2006} | |
|---|---|
| The median cost of renting in Newcastle is | $185 |
| The median cost of renting in Sydney is | $250 |
| The median cost of renting in Brisbane is | $220 |
| The median cost of renting in Melbourne is | $200 |
| The median cost of renting in NSW is | $210 |
| The median cost of renting in Australia is | $190 |
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