Investment property in Bolton Point has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 37.10%
While Bolton Point,2283 ranked number 44th in NSW for increase in median house value (annualised) increase, it is ranked 733th over the last 5 years.
Property investors looking for a bargain in Bolton Point should be aiming for at least -3.38% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Bolton Point being $425000 and the advertised rent reaching $365 the gross rental yield for property investors calculates out to be 4.47%
Near the banks of Lake Macquarie, the suburb of Bolton Point is getting a lot of attention due to its low prices, steady growth and significant returns for investors.Following a whopping price increase of over 22%, house values climbed to a median of just over $350,000.Full summary
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Lakeside suburb coasts steadily on consistent growth
Median house price: $355,000
Three-year growth: 36.54%
Rental yield: 5.13%
Near the banks of Lake Macquarie, the suburb of Bolton Point is getting a lot of attention due to its low prices, steady growth and significant returns for investors.
Following a whopping price increase of over 22%, house values climbed to a median of just over $350,000. Vendors don’t even have to lower their asking prices by much to close a sale – the average discount rate is only 3.12%. This follows a five-year period of strong performances for this suburb. Hence, this is definitely a market that’s ripe for investment, especially given the high yield of 5.13%.
Bolton Point’s position near the lake ensures that residents have easy access to fun recreational activities like sailing and kayaking. The suburb also has a preschool and childcare centre. Northern neighbour Woodrising is home to a supermarket as well.Close