32/575 Hunter StreetNewcastle West NSW 2302
Property Details for 32/575 Hunter St, Newcastle West
32/575 Hunter St, Newcastle West is a 2 bedroom, 2 bathroom Unit with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in November 2025. There are other 2 bedroom Unit sold in Newcastle West in the last 12 months.
Last Listing description (November 2025)
Located within the respected Quest Apartments complex, this fully renovated two-bedroom residence offers a rare combination of secure corporate leasing, minimal outgoing costs and a contemporary interior upgrade. With the kitchen, both bathrooms and laundry recently refurbished, this is a blue-chip opportunity for investors seeking strong returns and long-term confidence.
Strategically positioned in one of Newcastle's most highly regarded corporate accommodation hubs, the property continues to draw steady demand from business travellers and executive guests. A secure 5-year lease is already in place, supported by five additional 5-year renewal options and a fixed 3% annual rental increase — underpinning dependable income and future capital growth.
Apartment Features:
- Positioned on the fifth floor
- Light-filled living space with split-system air-conditioning and wide glazing
- Spacious main bedroom with private balcony and district/city views
- Full-size laundry — a rare convenience in today's apartments
- Access to building amenities including indoor pool, spa and gym
Financial Snapshot:
- Strong rental income: $34,258 p.a. (approx. $659 per week)
- Fixed 3% annual rent increase
- Lease term: 5 years + 5 x 5-year renewal options (First Option expires 11/06/2030)
- Council Rates: Approx. $1,687.32 p.a.
- Strata Rates: Approx. $1,575 p.q
A true set-and-forget addition to any portfolio, this apartment pairs modern finishes with exceptional returns, making it an unbeatable investment in the heart of Newcastle.
Disclaimer:
All information provided by Wilton Lemke Stewart in the marketing of a property for sale or lease has been sourced from various third-party outlets that we deem reliable. Nonetheless, Wilton Lemke Stewart cannot ensure its absolute accuracy, and we bear no responsibility and disclaim all liability for any errors, omissions, inaccuracies, or misstatements in the information provided. Prospective buyers and tenants are encouraged to conduct their own due diligence and rely on their own investigations. All images, measurements, diagrams, renderings, and data are indicative and for illustrative purposes only, subject to potential changes.
Property History for 32/575 Hunter St, Newcastle West, NSW 2302
- 17 Nov 2025Sold for $515,000
- 06 Nov 2025Listed for Sale $490,000 - $530,000
- 20 May 2025Sold
Recent sales nearby
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About Newcastle West 2302
The size of Newcastle West is approximately 0.8 square kilometres. There are 5 parks, covering nearly 31.8% of the total area. The population of Newcastle West in 2016 was 618 people. By 2021 the population was 1453 showing a population growth of 135.1% in the area during that time. The predominant age group in Newcastle West is 20-29 years. Households in Newcastle West are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Newcastle West work in a professional occupation.In 2021, 41.70% of the homes in Newcastle West were owner-occupied compared with 35.90% in 2016.
Newcastle West has 2,105 properties. Over the last 5 years, Houses in Newcastle West have seen a 25.49% increase in median value, while Units have seen a 25.66% increase. As at 30 April 2026:
- The median value for Houses in Newcastle West is $1,497,872 while the median value for Units is $820,190.
- Units have a median rent of $690.
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