Investment property in Georgetown has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 7.55%
Across a shorter period, Georgetown, 2298 has seen a median price increase of 6.39% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Georgetown is offering property investors an average of -5.28. This rate of discount on properties puts Suburb at number 1199th in terms of most discounted suburbs in NSW
At number 19 in a list of fastest selling suburbs, Georgetown is in the TOP 10% of suburbs in Australia with an average of days on market 20.81 for properties listed there.
The NSW suburb of Georgetown, 2298 is in the Newcastle local government area.
Investment property in Georgetown has done 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 -17.36%
Advertised rents are around the $330 mark per week – giving a return of 4.34% based on the median price in Suburb