Newcastle West at a glance
1,870
People
No data
Median sale
$717/wk
Median rent
No data
Suburb gross yield
NSW › Newcastle West › Steel St
$1,225,000–$1,250,000
For sale
Asking range
2
Bedrooms
2
Bathrooms
1
Car spaces
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
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
Asking
$1,225,000–$1,250,000
Asking range
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
Based on the low end of the asking range, not a contract price.
$53,404 on top of the price (4.4% extra)
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.
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.
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.
Planning
Planning data is being calculated
Data unavailable
Source
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 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 exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
NSWPlanning 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.
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
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.
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.
Gross yield if leased at the suburb aggregate is 3.0%. 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
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.”
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
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
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownNSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.
Honest achievable rent
KnownlowThis 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
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownNSW Valuer General land values are not loaded for this property yet.
Net yield / holding costs
UnknownNSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.
Area
Newcastle West at a glance
1,870
People
No data
Median sale
$717/wk
Median rent
No data
Suburb gross yield
Listing material
Listed by Dowling Real Estate Lake MacquarieThis modern apartment combines the convenience of inner city living with the luxury of an open plan design, an expansive deck and sunken garden area. The apartment is on the podium level of the new Marketown complex, in the architecturally designed Spire building. It has sweeping views from Merewether to the harbour, city and Newcastle Yacht Club. It would be hard to find a more convenient address with shopping, an on-site gym, a medical clinic within the building and the Newcastle Interchange, Honeysuckle, beach and the University City Campus, all a short stroll away.
Immaculately presented and finished in warm neutral tones the kitchen, living and dining area blend seamlessly into the alfresco area. The kitchen has high-end stainless-steel appliances and stone benchtops. The stone carries through into the main bathroom and en-suite. There are two spacious bedrooms, both with sliding doors to the balcony. The main bedroom has a walk-through robe and en-suite. The Spire complex has secure lift access and a large landscaped communal garden with views onto the harbour. This is a truly outstanding apartment that deserves your immediate attention.
• Spacious podium level apartment offering a total of approximately 214m² on title including deck and car space
• Sweeping views from Merewether to the yacht club, the harbour and city
• A huge terrace and sunken grassed area, a sweet spot to relax or dine alfresco while you take in the views
• Massive alfresco entertaining area
• Spacious master bedroom with walk through robe and en-suite
• Extra storage area
• Community and meeting room
• Architecturally landscaped central gardens
• Woolworths, Big W, Dan Murphys and smaller retailers plus Montessori Early Learning Centre and Marketown Health Medical Centre are an escalator away
THE AGENT WILL MEET YOU AT THE BUILDING ENTRY AT 21 STEEL STREET NEWCASTLE WEST
Listing description written by Steve Dorman, Dowling Real Estate Lake Macquarie — reproduced as published, not verified by Districts.
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