Investment property in Speers Point has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.45%
Speers Point,2284 was ranked 1185 in Australia by increase in median property value over the quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Speers Point, 2284. Typically our figures indicate that -6.71% is being offered, which puts this NSW suburb at 1366th most discounted overall in Australia.
Situated 107.55km from the CBD, Speers Point is one of Lake Macquarie localities in the postcode 2284.
Across a shorter period, Speers Point, 2284 has seen a median price increase of -4.62% over the last quarter.
With the median price for a house in Speers Point being $310000 and the advertised rent reaching $440 the gross rental yield for property investors calculates out to be 7.38%