39/575 Hunter StreetNewcastle West NSW 2302
Property Details for 39/575 Hunter St, Newcastle West
39/575 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 September 2025. There are other 2 bedroom Unit sold in Newcastle West in the last 12 months.
Last Listing description (September 2025)
Located in the renowned Quest Apartments complex, this spacious two-bedroom apartment presents an outstanding investment opportunity in one of Newcastle's most sought-after corporate accommodation hubs. Favoured by business travellers and executives, The Quest is a well-established name, offering investors stable returns and peace of mind.
This particular apartment delivers a strong rental income of $31,017 per annum (approx. $2,584.75 per month) with a secure lease currently in place for the next 5 years, along with three additional 5-year renewal options. The lease includes a 3% annual increase, further strengthening its long-term yield potential — currently offering a return of nearly 5%.
A key advantage of this investment is its low outgoing costs. As the property owner, you are only responsible for the capital works component of the strata and the council rates. All other outgoings — including administrative strata fees, water usage, gas, electricity, and the remaining council rates — are covered by the tenant, The Quest.
Apartment Features:
- Situated on the fifth floor
- Light-filled central living space with split system air-conditioning and expansive windows
- Large main bedroom with private balcony and impressive views of the city skyline
- Fully equipped kitchen with electric cooktop and oven, plus generous storage
- Separate, full-sized laundry — a rarity in modern apartments
- Access to building amenities including an indoor pool, spa, and gym
Financial Snapshot:
- Rental Income: $31,017 p.a.
- Annual Rental Increase: 3%
- Lease Term: 5 years + 3 x 5-year renewal options
- Council Rates: Approx. $1,597 p.a.
- Strata Rates: Approx. $450 p.q
- Minimal owner expenses and consistent income stream
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 39/575 Hunter St, Newcastle West, NSW 2302
- 16 Sep 2025Sold for $456,000
- 29 May 2025Listed for Sale $440,000 - $480,000
- 27 May 2014Sold for $347,500
Recent sales nearby
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0About Newcastle West 2302
The size of Newcastle West is approximately 0.8 square kilometres. It has 5 parks covering nearly 31.8% of 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 2,044 properties. Over the last 5 years, Houses in Newcastle West have seen a 46.65% increase in median value, while Units have seen a 27.35% increase. As at 31 October 2025:
- The median value for Houses in Newcastle West is $1,410,839 while the median value for Units is $800,726.
- Houses have a median rent of $548 while Units have a median rent of $670.
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