Investment property in Islington has done pretty 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 2.38%
Over the longer term, Islington has seen property prices show investors a 7.50% return over the last 3 years. This is worse than over the last 12 months
In the last year 37 properties changed hands in Islington, which puts it as the 755th most active market in NSW when comparing the number of sales per suburb.
Property investors should expect to get $460 weekly from the median priced house in this suburb.
Investment property in Islington has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 16.44%
When looking at the potential capital gains offered to property investors over the last 3 years, Islington comes in at number 11th in NSW.
Advertised rents are around the $385 mark per week – giving a return of 2.87% based on the median price in Suburb
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Historic suburb sustains highs
Median unit price: $615,000
Three-year growth: 32.3%
Rental yield: 3.4%
Just 3km west of Newcastle, the suburb of Islington is known as the city’s restaurant precinct. In addition to dining, it is lined with shops and is also regarded as an antique district since it was established in the 1870s.
Its popularity with unit buyers is evidenced by its steady trend of positive growth over the past five years. Such properties also sell very quickly, with an average time on market of just 20 days. This can be attributed to its close proximity to Newcastle, its accessibility and its many amenities.
Islington is connected to the Pacific Highway, and buses run through the suburb via Maitland Road. The Hamilton railway station is situated at the southern end of the suburb, facilitating commutes to the Central Coast and Sydney.