Dora Creek, 2264 ranked 1022th in NSW when comparing growth in median property values or capital gain over the last 12 months. Dora Creek is one of 3163 in our list for NSW
A 56.28% growth in median value for property investors in Dora Creek,2264 puts this suburb at number 1206th in terms of best performing suburbs in NSW
Property buyers and investors in Dora Creek 2264 should be seeing an average reduction in asking price of around -11.09% . This means that Dora Creek is holding prices well when compared to other suburbs in NSW.
On average over the past year, suburb has had 2.33 sales per month, which equates to 28 per year.
With the median price for a house in Dora Creek being $576667 and the advertised rent reaching $405 the gross rental yield for property investors calculates out to be 3.65%
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DORA CREEK, NSW, 2264
Rural suburb records top housing market growth
Median house price: $613,250
Three-year growth: 66.19%
Rental yield: 3.22%
Dora Creek may be a small rural suburb, but that has not stopped it from being one of the top growers in NSW’s housing market.
House values have skyrocketed by over 40% over the past 12 months leading up to May 2017, bringing the median house price to just over $600,000. This growth trend has been strong and consistent over the previous five years; the suburb reports a high average annual growth rate of nearly 10%.
True to its name, a creek runs through the middle of Dora Creek. The area has also received much attention from the Lake Macquarie government, which seeks to protect this natural site and has conducted significant foreshore restoration works.
Dora Creek is less than an hour’s drive from Newcastle, and is served by its own railway station.