Districts
SuburbsBlogSearch
|My DistrictsMy AreasSavedAlerts
Sign inGet started
Districts
SuburbsBlogSearch
|My DistrictsMy AreasSavedAlerts
Sign inGet started

NSW › Newcastle West › Hunter St

506/645 Hunter St, Newcastle West NSW 2302

For saleApartment

$1,800,000–$1,850,000

For sale

Asking range

3

Bedrooms

2

Bathrooms

2

Car spaces

126 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,800,000–$1,850,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,800,000–$1,850,000(Listing record · 22 June 2026)
  • FactLand 126 m²; no building size recorded.(Property record)
  • CalculationIf it leased at Newcastle West's advertised median rent ($717/wk), implied gross yield would be 2.07% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$1,800,000–$1,850,000

Asking range · $14,286/m² of land

No recorded sale for this property.

Newcastle West at a glance

1,870

People

No data

Median sale

$717/wk

Median rent

No data

Suburb gross yield

See the full Newcastle West report →

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$1,800,000
Stamp Duty (New South Wales)
$81,012
Transfer/Registration Fee
$167
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$1,884,879

$84,879 on top of the price (4.7% extra)

  • Stamp Duty (New South Wales)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: New South Wales schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Based on the low end of the asking range, not a contract price.

Pre-filled with Newcastle West's advertised median rent — not a rent for this listing.

Net yield
0.57%
Annual cashflow (pre-tax)
$-83,316
Interest cover (DSCR)
0.11
Annual rent
$37,284
Operating expenses
$27,000
Loan amount
$1,440,000
Annual interest
$93,600
Gross yield
2.07%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$1,800,000–$1,850,000available22 June 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

NSW

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $717/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 2.1%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    NSW Valuer General land values are not loaded for this property yet.

  • Net yield / holding costs

    Unknown

    NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.

Area

Newcastle West in one glance

Newcastle West at a glance

1,870

People

No data

Median sale

$717/wk

Median rent

No data

Suburb gross yield

See the full Newcastle West report →

Keep researching

  • Why Newcastle West? Read the area thesis →
  • What else is on the market in Newcastle West →
  • Other records on Hunter St →

Listing material

Listed by Street Property Group

A Rare Opportunity

One of the rare opportunities to enjoy living in the inner-city is offered for your consideration. Located in the prestigious Watervue Development that is one block back from the Harbour.

• Positioned on the northeast corner and enjoying Harbour views down the Steel Street Reserve.

• An amazing apartment that is Silver Standard modified as an accessible apartment.

Read the full description

• A generous verandah that captures the sun and northeast breezes and also broad to accommodate furniture.

• Two parallel car spaces with power for EV charging plus a storage cage.

• This apartment offers amazing amenity with a short walk to Marketown and the transport interchange and hours of interaction with harbour life. A working Port with an array of watercraft…. commercial shipping, tugs, yachts, trawlers and ferries to mention a few. Rowers, dragon boats, pleasure craft, jet skis and occasionally Naval craft complete the parade.

• The Watervue architectural design features light and cross flow ventilation, double glazing and circulation through the development.

• The master bedroom suite has a full view and orientation to the north /northeast and includes a fitted wardrobe and ensuite.

• The living areas are generous with the lounge, dining and kitchen areas also orientating to the north.

• Miele appliances feature in the semi-integrated kitchen which has a walk in pantry and also includes a refrigerator.

• A large laundry and an abundance of storage are also key to apartment living.

Watervue is dominated by owner occupiers who have been attracted to a development that offers: A three-elevator core for access to all apartments; Double glazing and ducted air conditioning with motors not housed on the verandah; 25 metre, two lane pool plus a beach area for those who simply want to relax without any stress; Residents lounge which is directly adjacent to the pool area plus an outdoor terrace area and resident community edible gardens; Separate work from home business hub; Restrictions on short term leasing of apartments are part of the Strata by-laws.

Watervue is due for completion at the end of 2026 so this would be the ideal Christmas gift to yourself.

The Watervue buyers already have their own Facebook page operating which is an indication that a strong residents' community is being created. I am certain that there will be a book club for those with a literary bent and gardening group for those with green thumbs. Residents get togethers for those who wish to mingle sometimes on site or at a nominated venue.

Council Rates: $1,500 per annum approx

Water Rates: $1,150 + Usage per annum approx

Strata Levies: $6,500 per annum approx

Potential Rental Return: $1,100 per week approx

New laws mean we may require your ID

There are new laws reforming Australia's anti-money laundering and counter-terrorism financing (AML/CTF) regime. This is to make sure we enhance our ability to effectively deter, detect and disrupt money laundering, terrorism financing and proliferation financing.

When you engage with us at Street Property to use our services, we may ask you for identification or have questions about your circumstances. The type and amount of ID you're asked for depends on the nature of your transaction. We will advise what identification is necessary. In some circumstances just one form of photographic identification (such as your driver's licence) will be enough if it shows your full name, residential address and date of birth. Digital driver's licences are also an acceptable form of identification.

If you're a sole trader or business owner, you'll be asked for other details including; business name, addresses and Australian Business Number (ABN).

The information you provide us is protected under the Privacy Act 1988. For more information contact our office.

Disclaimer: we have obtained all information provided here from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations and satisfy themselves of all aspects of such information including without limitation, any income, rentals, dimensions, areas, zoning and permits.

Listing description written by Andrew Walker, Street Property Group — reproduced as published, not verified by Districts.

Property features

  • Balcony
  • Built-in Robes
  • Dishwasher
  • Ducted Cooling
  • Ducted Heating
  • Ensuites: 1
  • Floorboards
  • Intercom
  • In-Ground Pool
  • Secure Parking

Also look at

Also for sale in Newcastle West

  • 1202/645 Hunter St, Newcastle West NSW 2302

    3-bed apartment. Asking $2.85M.

    For sale
  • U63, 575 Hunter St, Newcastle West NSW 2302

    1-bed unit. Asking $460K–$490K.

    For sale
  • U120, 569 Hunter St, Newcastle West NSW 2302

    2-bed apartment. Asking $570K.

    For sale
  • 1406/645 Hunter St, Newcastle West NSW 2302

    2-bed apartment. Currently listed.

    For sale
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

Research

  • Property search
  • Suburb profiles
  • Blog
  • Calculators
  • Follow suburbs
  • Sign in

Learn

  • How we use data
  • What's covered
  • Questions
  • Who it's for
  • Access

Company

  • About
  • Contact
  • support@districts.com.au

Legal

  • Privacy
  • Terms

© 2026 Districts

districts.com.au

Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.