Over the last year, property investments in Beresfield, 2322 have given investors a capital gain of -3.75%. This compares badly with the 1.14% for NSW as a whole.
If we look at median property appreciation over just the last three months, Beresfield has given property investors a paper return of 4.34%. This puts Suburb as 276 on a list of fastest fasting appreciating suburbs in NSW
Property investors looking for a bargain in Beresfield should be aiming for at least -7.61% off the asking price, which is the average vendor discount being achieved at the moment.
Beresfield, 2322’s gross rental yield is 4.86%
NSW has seen average median house prices change by 0.04% which means that Beresfield, 2322 has done well for property investors by showing a capital gain of 0.00% over the last year
The NSW suburb of Beresfield, 2322 is in the Newcastle (C) local government area.
Information supplied by:
Everything falls into place for Newcastle suburb
Median unit price: $327,500
Three-year growth: 25.4%
Rental yield: 5.4%
Located 22km northwest of the Newcastle CBD, the suburb of Beresfield attracts residents due to its convenience.
Apartment values rose by 2.3% over the 12 months to January 2019, but the median price remains quite affordable at under $350,000. This affordability could be a reason why such properties barely get comfortable on the market before being snapped up, spending an average of less than 20 days on sale. Investors can even reap remarkable yields of 5.4% on average.
The northern side of Beresfield contains the local shopping centre and railway station, which is part of the Hunter line. To the south are the suburb’s sports facilities, including the bowling club, swimming pool, oval and golf course. The Newcastle Memorial Park cemetery is situated on this side of town as well.
The suburb is community-oriented, with youth organisations that reach out to the disadvantaged.