Tighes Hill has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 7.41% to date .
If we look at median property appreciation over just the last three months, Tighes Hill has given property investors a paper return of 0.69%. This puts Suburb as 501 on a list of fastest fasting appreciating suburbs in NSW
Our latest figures would indicate that property sellers in Tighes Hill are currently offering property investors an average price cut of -4.20% below the asking price at the moment.
On average over the past year, suburb has had 3.08 sales per month, which equates to 37 per year.
A $430 per week rent on the median house gives suburb investors a gross yield of circa 3.08%, without taking into account capital value appreciation, which has been averaging out at 10.31%.
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