Speers Point has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 5.98% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Speers Point has increased when compared to the 5 year average annual rate.
The most recent median price for Speers Point is $580000, with sellers offering an average of -7.22% off the asking price.
In the last year 74 properties changed hands in Speers Point, which puts it as the 440th most active market in NSW when comparing the number of sales per suburb.
Speers Point, 2284’s gross rental yield is 3.59%
Giving property investors a a solid capital gain of 39.69% for the last year, Speers Point, 2284 is the 12th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Speers Point,2284 has racked up an average of 39.69% over the period. This ranks it number 474th in the whole country for real estate investors looking at median house price increases.
Situated 107.54km from the CBD, Speers Point is one of Lake Macquarie localities in the postcode 2284.