Over the last year, property investments in Beresfield, 2322 have given investors a capital gain of -5.26%. This compares averagely with the -4.28% for NSW as a whole.
Comparing Beresfield,2322 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Beresfield, 2322. Typically our figures indicate that -8.54% is being offered, which puts this NSW suburb at 657th most discounted overall in Australia.
In the last year 45 properties changed hands in Beresfield, which puts it as the 572th most active market in NSW when comparing the number of sales per suburb.
With the median price for a house in Beresfield being $360000 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 5.20%
Beresfield, 2322 ranked 111th in NSW when comparing growth in median property values or capital gain over the last 12 months. Beresfield is one of 3163 in our list for NSW
Advertised rents are around the $369.5 mark per week – giving a return of 5.74% based on the median price in Suburb
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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.