Giving property investors a a stable capital gain of 5.31% for the last year, Dora Creek, 2264 is the 1206th highest performer in Australia in this respect.
Dora Creek,2264 was ranked 1484 in Australia by increase in median property value over the quarter.
Dora Creek2264 is located in NSW which offers an average discount of -6.46% to property investors. Dora Creek itself is showing figures that indicate -7.35% is the average achievable by property buyers investing in the suburb.
Situated 91.45km from the CBD, Dora Creek is one of Lake Macquarie (C) localities in the postcode 2264.
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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.