Speers Point has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 0.90% to date .
Over the longer term, Speers Point has seen property prices show investors a 29.48% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Speers Point are currently offering property investors an average price cut of -7.11% below the asking price at the moment.
On average over the past year, suburb has had 6.83 sales per month, which equates to 82 per year.
Situated 107.54km from the CBD, Speers Point is one of Lake Macquarie localities in the postcode 2284.
NSW has seen average median house prices change by 5.59% which means that Speers Point, 2284 has done well for property investors by showing a capital gain of 44.35% over the last year
If we look at median property appreciation over just the last three months, Speers Point has given property investors a paper return of 5.29%. This puts Suburb as 88 on a list of fastest fasting appreciating suburbs in NSW
In the last year 11 properties changed hands in Speers Point, which puts it as the 568th most active market in NSW when comparing the number of sales per suburb.
Speers Point is 93th on a list of best yielding suburbs for rents in NSW with a 5.11% return