If you compare the increase in value of investment property in Dora Creek, 2264 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was 2.59%.
Taking the average capital gain, or increase in median house value, Dora Creek,2264 has racked up an average of 2.59% over the period. This ranks it number 993th in the whole country for real estate investors looking at median house price increases.
At number 864th of NSW’s most discounted properties, Dora Creek is in the TOP 30% of the state/territory when listing in order of most discounted to least.
Dora Creek, 2264’s gross rental yield is 3.23%
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.Full summary
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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.Close