Beresfield is in the TOP 20% in NSW when comparing median price capital growth over the last year. Beresfield gave property investors a very good capital gain figure when compared to the rest of the state, with 12.86%.
Beresfield,2322 has offered an average of 12.86% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Beresfield is offering property investors an average of -6.45. This rate of discount on properties puts Suburb at number 566th in terms of most discounted suburbs in NSW
Often selling an investment property can take time, and in Beresfield the average time real estate has been on the market is 55.04 days.
The NSW suburb of Beresfield, 2322 is in the Newcastle (C) local government area.
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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.