If you compare the increase in value of investment property in Speers Point, 2284 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was 1.82%.
Over the longer term, Speers Point has seen property prices show investors a 34.94% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Speers Point is offering property investors an average of -5.55. This rate of discount on properties puts Suburb at number 216th in terms of most discounted suburbs in NSW
In the last year 86 properties changed hands in Speers Point, which puts it as the 344th most active market in NSW when comparing the number of sales per suburb.
With a capital gain of 26.87% for the last 12 months, Speers Point, 2284 has performed for property investments than its average annual 8.89% property growth over the last 5 years.
Across a shorter period, Speers Point, 2284 has seen a median price increase of 33.86% over the last quarter.
Situated 107.38km from the CBD, Speers Point is one of Lake Macquarie localities in the postcode 2284.