Suburb Profile Report for Bolton Point NSW (2283)

Bolton Point House: Median price $425,000, Annual capital growth 5.07%, Number of sales 33, Weekly median advertised rent $365

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Expert Report

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%

Information supplied by:


May 2017

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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

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
Metrics i HOUSE UNIT
$425,000 N/A
16.44% N/A
37.10% N/A
5.07% N/A
$365 N/A
33 N/A
4.47% N/A
58.42 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 2297
Median household income ($/weekly) 794
Median age of persons 40
Median housing loan repayment ($/monthly) 1600
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 311 13.5
    35-44 years 261 11.4
    45-54 years 332 14.5
    55-64 years 246 10.7
    65-74 years 257 11.2
    Others 889 38.7
    Age Group
    Census Count Percent(%)
    Not Married 748 46.5
    Registered Married 712 44.3
    Defacto Relationship 147 9.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 2029 92.0
    Greece 11 0.5
    Papua New Guinea 12 0.5
    United Kingdom 71 3.2
    Other 31 1.4
    Others 51 2.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 22 1.0
    Christianity 1615 75.6
    Hinduism 4 0.2
    Judaism 4 0.2
    No Religion 488 22.8
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 85 11.4
    $400-$599 127 17.0
    $600-$799 113 15.2
    $800-$999 74 9.9
    $1,500-$1,999 64 8.6
    Others 282 37.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 940 53.4
    Employed, worked full-time 422 24.0
    Employed, worked part-time 252 14.3
    Unemployed, looking for work 81 4.6
    Employed, away from work 66 3.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 128 17.3
    Technicians & trades workers 93 12.6
    Community & personal service workers 88 11.9
    Clerical & administrative workers 103 13.9
    Labourers 102 13.8
    Others 227 30.6
    Occupation
    Census Count Percent(%)
    Pre-school 36 7.0
    Infants/Primary 202 39.3
    Secondary 167 32.5
    Technical or Further Educational Institution 51 9.9
    University or other Tertiary Institutions 41 8.0
    Others 17 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1907 90.0
    Semi-detached, row or terrace house, townhouse 185 8.7
    Flat, unit or apartment 23 1.1
    House or flat attached to a shop, office 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 386 48.6
    Fully owned 227 28.6
    Being purchased 162 20.4
    Other tenure type 20 2.5
    Tenure Type
Census 2011, ABS
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