Property investors who have had real estate in Speers Point, 2284 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 11.21%
Across a shorter period, Speers Point, 2284 has seen a median price increase of 7.36% over the last quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.22% offered to property buyers. Sellers in Speers Point itself are offering an average vendor discount of -6.28% to real estate investors.
Advertised rents are around the $450 mark per week – giving a return of 3.77% based on the median price in Suburb
If you compare the increase in value of investment property in Speers Point, 2284 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 31.82%.
The NSW suburb of Speers Point, 2284 is in the Lake Macquarie local government area.