Highfields, 2289 ranked 56th in NSW when comparing growth in median property values or capital gain over the last 12 months. Highfields is one of 3163 in our list for NSW
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Highfields has increased when compared to the 5 year average annual rate.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.76% offered to property buyers. Sellers in Highfields itself are offering an average vendor discount of -5.19% to real estate investors.
Highfields is 804th on a list of best yielding suburbs for rents in NSW with a 3.08% return
The house market is knocking it out of the park in the suburb of Highfields, 8km from the Newcastle CBDFull summary
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Newcastle suburb surges
Median house price: $730,000
Three-year growth: 32.5%
Rental yield: 3.3%
The house market is knocking it out of the park in the suburb of Highfields, 8km from the Newcastle CBD.
Houses experienced almost 30% growth in prices to hit a median value of $730,000, maintaining a strong trend that has been on the record since 2013. Demand is also evident in how quickly houses are sold – they’re typically on the market for just 38 days.
Highfields is mainly a residential pocket, but residents will find no shortage of amenities. Charlestown, Lake Macquarie’s biggest business centre and the district transport hub, is just 2km away. Highfields residents are also close to shopping centres and schools such as the University of Newcastle and the Hunter Institute of TAFE. In addition, the arts and culture district of Newcastle is less than half an hour away via Scenic Drive.Close