Property investors who have had real estate in Marks Point, 2280 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 8.81%
When looking at the potential capital gains offered to property investors over the last 3 years, Marks Point comes in at number 731th in NSW.
LACK OF BUYER INTEREST may well be the reason that Marks Point is offering property investors an average of -5.52. This rate of discount on properties puts Suburb at number 725th in terms of most discounted suburbs in NSW
On average over the past year, suburb has had 2.42 sales per month, which equates to 29 per year.
Situated 98.73km from the CBD, Marks Point is one of Lake Macquarie localities in the postcode 2280.
With a capital gain of -11.01% for the last 12 months, Marks Point, 2280 has performed for property investments than its average annual -0.60% property growth over the last 5 years.
While Marks Point,2280 ranked number 531th in NSW for increase in median house value (annualised) increase, it is ranked 424th over the last 5 years.
Property buyers and investors in Marks Point 2280 should be seeing an average reduction in asking price of around -4.35% . This means that Marks Point is holding prices well when compared to other suburbs in NSW.
Advertised rents are around the $350 mark per week – giving a return of 6.17% based on the median price in Suburb