Property value increases in Raworth have tracked just lower than the NSW average of -2.98% over the last 12 months.
Taking the average capital gain, or increase in median house value, Raworth,2321 has racked up an average of -5.48% over the period. This ranks it number 2064th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Raworth are currently offering property investors an average price cut of -4.14% below the asking price at the moment.
A $455 per week rent on the median house gives suburb investors a gross yield of circa 4.73%, without taking into account capital value appreciation, which has been averaging out at 4.07%.
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Raworth, NSW – Newcastle suburb with excellent prospects
Median house price: $590,000
Three-year growth: 22.3%
Rental yield: 4.0%
Nestled in the Hunter Valley region, Raworth is a peaceful suburb in ideal proximity to Newcastle CBD. In fact, the coastal city, along with major beaches can be accessed via main motorway within a 35-minute drive.
The nearby suburb of Maitland holds plenty shopping amenities, including Green Hills Shopping Centre, as well as a local hospital. Many schools are accessible in the surrounding region. The historically charming town of Morpeth, a long-admired tourism hub, provides for a relaxing weekend escape, filled with heritage walks, colonial architecture, boutiques, and a visit to The Historic Arnott Bakehouse.
Raworth has experienced strong, consistent levels of double digit growth in the five years to June 2019.