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Moderate Opportunity

Gyms Market Analysis
Newcastle, NSW

Is Newcastle a good place to open a gym? Here's what the data says.

Demand
52/100
Competition
37/100
Opportunity
71/100
Avg Rent
$1,500–$3,500/mo

Score Breakdown

Market Demand52
Competition Level37
Opportunity Score71

Best Suburbs

Top areas for gyms in Newcastle

Hunter Street Darby Street Honeysuckle Merewether
Key Success Factors
Ground floor or easy access
Large floor space
Residential density
Car parking

Market Insight

Newcastle presents a moderate opportunity for gyms. With a population of 500K and an average income of $67,000, the fundamentals are moderate. Key success factors include ground floor or easy access and large floor space.

— Locatalyze Market Analysis Engine

SWOT Analysis

Gyms in Newcastle — market-level factors

Strengths
  • Affordable rents
  • Gyms demand in Newcastle is growing
  • Established local customer base
Weaknesses
  • Lower average incomes
  • Gyms market has moderate competition
  • Staff recruitment can be challenging
Opportunities
  • Growing Newcastle population
  • Residential density
  • Delivery platform expansion
Threats
  • Rising commercial rent
  • Changing consumer preferences
  • New market entrants

Typical Costs for Gyms

Startup Investment
$100,000–$600,000
Includes fit-out, equipment, licences and working capital
Monthly Revenue (Mature)
$30,000–$120,000
Average for well-located, established gyms

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