At number 1292th in the list of Australian suburbs ordered by increase in median house value over the last year, Mount Hutton, 2290 is in the top 40% with a property value increase of 4.95% recorded in median house prices.
A 36.77% growth in median value for property investors in Mount Hutton,2290 puts this suburb at number 294th in terms of best performing suburbs in NSW
Property buyers and investors in Mount Hutton 2290 should be seeing an average reduction in asking price of around -7.14% . This means that Mount Hutton is holding prices well when compared to other suburbs in NSW.
Mount Hutton is 290th on a list of best yielding suburbs for rents in NSW with a 4.42% return
Investment property in Mount Hutton has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.16%
Taking the average capital gain, or increase in median house value, Mount Hutton,2290 has racked up an average of 1.16% over the period. This ranks it number 756th in the whole country for real estate investors looking at median house price increases.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.52% offered to property buyers. Sellers in Mount Hutton itself are offering an average vendor discount of -3.70% to real estate investors.
The NSW suburb of Mount Hutton, 2290 is in the Lake Macquarie (C) local government area.
Information supplied by:
Steady stream of tenants
Median house price: $520,000
Three-year growth: 22.4%
Rental yield: 4.2%
A suburb of the City of Lake Macquarie, situated around 14km from the centre of Newcastle, Mount Hutton is an established residential neighbourhood. It is home to Lake Macquarie Fair, a shopping centre anchored by Woolworths and Coles, alongside over 50 other specialty stores. The shopping centre is almost at the end of a redevelopment that has added additional car parking spaces, stores and entertainment.
Landlords will always find a steady stream of tenants keen to live in freestanding homes in Mount Hutton, with a range of options to suit different budgets and lifestyles. From petite starter homes through to sprawling manors on over-sized blocks, there is plenty of variety in Mount Hutton’s housing stock. Though most properties are 20-30 years old, there are some new builds popping up as the suburb experiences gentrification.