Bolton Point, 2283 ranked 1272th in NSW when comparing growth in median property values or capital gain over the last 12 months. Bolton Point is one of 3163 in our list for NSW
While Bolton Point,2283 ranked number 1337th in NSW for increase in median house value (annualised) increase, it is ranked 159th over the last 5 years.
Property investors looking for a bargain in Bolton Point should be aiming for at least -5.51% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $392.5 and the average annual increase in value of a median property of 7.67%, investors should hope to achieve an overall return of 4.93%
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Lakeside suburb coasts steadily on consistent growth
Median house price: $355,000
Three-year growth: 36.54%
Rental yield: 5.13%
Near the banks of Lake Macquarie, the suburb of Bolton Point is getting a lot of attention due to its low prices, steady growth and significant returns for investors.
Following a whopping price increase of over 22%, house values climbed to a median of just over $350,000. Vendors don’t even have to lower their asking prices by much to close a sale – the average discount rate is only 3.12%. This follows a five-year period of strong performances for this suburb. Hence, this is definitely a market that’s ripe for investment, especially given the high yield of 5.13%.
Bolton Point’s position near the lake ensures that residents have easy access to fun recreational activities like sailing and kayaking. The suburb also has a preschool and childcare centre. Northern neighbour Woodrising is home to a supermarket as well.