Suburb Profile Report for Highfields NSW (2289)

Highfields House: Median price $776,750, Annual capital growth 11.52%, Number of sales 14, Weekly median advertised rent $460

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Expert Report

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

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July 2018

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The house market is knocking it out of the park in the suburb of Highfields, 8km from the Newcastle CBDFull summary

Newcastle suburb surges

Postcode: 2289

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
Metrics i HOUSE UNIT
$776,750 N/A
6.40% N/A
26.30% N/A
11.52% N/A
$460 N/A
14 N/A
3.08% N/A
46.81 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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Demographics
Total population 1048
Median household income ($/weekly) 1385
Median age of persons 40
Median housing loan repayment ($/monthly) 1950
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 146 13.9
    25-34 years 105 10.0
    35-44 years 165 15.7
    45-54 years 149 14.2
    55-64 years 112 10.7
    Others 371 35.4
    Age Group
    Census Count Percent(%)
    Registered Married 428 56.5
    Not Married 287 37.9
    Defacto Relationship 43 5.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 874 87.9
    Greece 7 0.7
    Japan 14 1.4
    United Kingdom 33 3.3
    Other 19 1.9
    Others 47 4.7
    Country of Birth
    Census Count Percent(%)
    Christianity 737 75.1
    No Religion 224 22.8
    Buddhism 10 1.0
    Other Religious Groups 7 0.7
    Islam 3 0.3
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 35 10.1
    $600-$799 37 10.7
    $1,000-$1,249 32 9.2
    $1,500-$1,999 50 14.4
    $2,000-$2,499 35 10.1
    Others 158 45.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 312 39.0
    Not in the labour force 258 32.3
    Employed, worked part-time 176 22.0
    Employed, away from work 33 4.1
    Unemployed, looking for work 20 2.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 66 12.7
    Professionals 149 28.7
    Technicians & trades workers 69 13.3
    Clerical & administrative workers 84 16.2
    Sales 54 10.4
    Others 98 18.8
    Occupation
    Census Count Percent(%)
    Pre-school 29 12.2
    Infants/Primary 77 32.5
    Secondary 79 33.3
    Technical or Further Educational Institution 10 4.2
    University or other Tertiary Institutions 38 16.0
    Others 4 1.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 952 96.6
    Flat, unit or apartment 24 2.4
    Semi-detached, row or terrace house, townhouse 9 0.9
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 164 44.0
    Fully owned 155 41.6
    Rented 54 14.5
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals