With a capital gain of 28.06% for the last 12 months, Dudley, 2290 has performed for property investments than its average annual 10.93% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Dudley,2290 has racked up an average of 28.06% over the period. This ranks it number 331th in the whole country for real estate investors looking at median house price increases.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Dudley, 2290. Typically our figures indicate that -8.29% is being offered, which puts this NSW suburb at 762th most discounted overall in Australia.
At number 1524 in a list of fastest selling suburbs, Dudley is just in the top half of suburbs in Australia with an average of days on market 70.8095 for properties listed there.
Property investors should expect to get $495 weekly from the median priced house in this suburb.
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Strong suburb stumbles
Median house price: $688,000
Three-year growth: 5.8%
Rental yield: 3.4%
Situated on the south coast of Newcastle, the suburb of Dudley is around two hours’ drive from Sydney. The housing market has been going strong for most part, but stumbled significantly in the 12 months to August 2018.
Prices fell by 9.1% in that period, although the three months to August suggested some recovery. The average annual growth rate also holds at 6.8%.
Originally, Dudley was established as a mining town before being developed into a residential area after World War II. It houses Dudley Public School, which was established back in 1892. The suburb lies on the eastern side of Lake Macquarie, and is near the cycling trail that connects the lake to Newcastle. Dudley Beach is less than five minutes away, and residents are in close proximity to shopping districts and park areas.