If you compare the increase in value of investment property in Mount Hutton, 2290 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 9.43%.
Mount Hutton,2290 has offered an average of 9.43% return per annum in house price rises to property investors over the last three years.
The most recent median price for Mount Hutton is $580000, with sellers offering an average of -2.90% off the asking price.
Advertised rents are around the $425 mark per week – giving a return of 3.81% based on the median price in Suburb
With a capital gain of 0.23% for the last 12 months, Mount Hutton, 2290 has performed for property investments than its average annual 4.17% property growth over the last 5 years.
Across a shorter period, Mount Hutton, 2290 has seen a median price increase of 1.35% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Mount Hutton is offering property investors an average of -4.60. This rate of discount on properties puts Suburb at number 46th in terms of most discounted suburbs in NSW
Situated 107.40km from the CBD, Mount Hutton is one of Lake Macquarie (C) localities in the postcode 2290.
Information supplied by:
Steady stream of tenants
Median house price: $520,000
Three-year growth: 22.4%
Rental yield: 4.2%
A suburb of the City of Lake Macquarie, situated around 14km from the centre of Newcastle, Mount Hutton is an established residential neighbourhood. It is home to Lake Macquarie Fair, a shopping centre anchored by Woolworths and Coles, alongside over 50 other specialty stores. The shopping centre is almost at the end of a redevelopment that has added additional car parking spaces, stores and entertainment.
Landlords will always find a steady stream of tenants keen to live in freestanding homes in Mount Hutton, with a range of options to suit different budgets and lifestyles. From petite starter homes through to sprawling manors on over-sized blocks, there is plenty of variety in Mount Hutton’s housing stock. Though most properties are 20-30 years old, there are some new builds popping up as the suburb experiences gentrification.