Investment property in Highfields 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 -10.96%
The five-year average increase in median property values for Highfields,2289 has given property investors a potential capital gain of 46.89% across each of those five years.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.45% offered to property buyers. Sellers in Highfields itself are offering an average vendor discount of -5.63% to real estate investors.
At number 243 in a list of fastest selling suburbs, Highfields is in the TOP 10% of suburbs in Australia with an average of days on market 37.33 for properties listed there.
A $470 per week rent on the median house gives suburb investors a gross yield of circa 3.76%, without taking into account capital value appreciation, which has been averaging out at 9.97%.
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