Investment property in Bolton Point has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -33.17%
If we look at median property appreciation over just the last three months, Bolton Point has given property investors a paper return of -3.14%. This puts Suburb as 959 on a list of fastest fasting appreciating suburbs in NSW
Property investors looking for a bargain in Bolton Point should be aiming for at least -5.62% off the asking price, which is the average vendor discount being achieved at the moment.
Renters in Suburb are facing rents around $20410 per annum or $392.5 every week.
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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.