Property investors who have had real estate in Tighes Hill, 2297 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 3.62%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Tighes Hill has increased when compared to the 5 year average annual rate.
Tighes Hill, 2297 is offering NSW ‘s 481th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this NSW.
Often selling an investment property can take time, and in Tighes Hill the average time real estate has been on the market is 48.06 days.
Named for one of its early residents, the suburb of Tighes Hill has been flourishing since 2013, when price growth peaked at 106.3%Full summary
Information supplied by:
Remarkable growth for houses
Median house price: $732,475
Three-year growth: 32.5%
Rental yield: 3.2%
Named for one of its early residents, the suburb of Tighes Hill has been flourishing since 2013, when price growth peaked at 106.3%.
The house market has an average annual growth rate of 10.5%, with the April 2017-2018 period alone yielding a 26.9% rise in prices. The median house value has passed $730,000; yet, such properties are selling quickly and generally spend less than two months on the market.
Tighes Hill’s proximity to the Newcastle CBD makes it a top option for young professionals who want to live near the city, as the CBD can be reached in about 15 minutes via King Street. The 11 bus service departing from Maitland Road also brings commuters to Newcastle. Tighes Hill is home to a Hunter Institute of TAFE campus, and to the Tighes Hill School of Arts.Close