57/575 Hunter StreetNewcastle West NSW 2302
Property Details for 57/575 Hunter St, Newcastle West
57/575 Hunter St, Newcastle West is a 2 bedroom, 2 bathroom Unit with 1 parking spaces. The property has a floor size of 81m2. While the property is not currently for sale or for rent, it was last sold in June 2026. There are other 2 bedroom Unit sold in Newcastle West in the last 12 months.
Last Listing description (June 2026)
Positioned in the heart of Newcastle West's thriving CBD fringe, Apartment 57 at 575 Hunter Street presents a compelling, set-and-forget investment opportunity. The current lease with The Quest Apartments is finishing in March 2026, and will open up a plethora of options for the next owners.
Located on the seventh floor, this well-designed two-bedroom apartment offers strong rental appeal and excellent income potential. With estimated returns of $770 - $790 per week, the property delivers attractive cash flow in the thriving city of Newcastle.
The layout is ideally suited to both long-term and short-stay leasing, featuring two well-separated bedrooms, including a main bedroom with private ensuite and balcony, plus a second full bathroom and separate internal laundry. The open-plan living and dining zone is light-filled and functional, while split-system air conditioning ensures year-round comfort for tenants.
As mentioned above, Investors also have the option of engaging with the serviced apartment model through The Quest, appealing to Newcastle's growing corporate, medical, and executive accommodation market. With on-site amenities including an indoor pool, spa, and gym, the building continues to attract consistent tenant demand.
Investment Highlights:
- Estimated rental return: $770 - $790 per week on normal residential lease
- Serviced apartment potential (corporate / short-stay demand)
- Two-bedroom, two-bathroom configuration
- Seventh-floor position with city outlook
- Separate internal laundry - not European style
- Split-system air conditioning
- Access to indoor pool, spa, and gym facilities
- Flexible leasing pathway from March 2026 when The Quest lease expires.
- A strategic addition to any portfolio in one of Newcastle's strongest performing inner-city precincts.
- Council Rates: Approx. $1,650 p/a
- Water Rates: Approx. $850 p/a + Usage
- Strata Levies: Approx. $5,550 p/a
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 57/575 Hunter St, Newcastle West, NSW 2302
- 02 Jun 2026Sold for $610,000
- 23 Feb 2026Listed for Sale Guide: $600,000 - $660,000
- 01 Mar 2002Sold for $265,500
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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