Property value increases in Highfields have tracked higher than the NSW average of 4.94% over the last 12 months.
While Highfields,2289 ranked number 1264th in NSW for increase in median house value (annualised) increase, it is ranked 415th over the last 5 years.
Our latest figures would indicate that property sellers in Highfields are currently offering property investors an average price cut of -4.65% below the asking price at the moment.
Situated 104.59km from the CBD, Highfields is one of Lake Macquarie localities in the postcode 2289.
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