Tighes Hill is an average performer in NSW when comparing median price capital growth over the last year. Tighes Hill gave property investors a good capital gain figure when compared to the rest of the state, with -1.38%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Tighes Hill has increased when compared to the 5 year average annual rate.
The most recent median price for Tighes Hill is $715000, with sellers offering an average of -8.54% off the asking price.
Advertised rents are around the $490 mark per week – giving a return of 3.56% based on the median price in Suburb
Information supplied by:
Remarkable growth for houses
Median house price: $732,475
Three-year growth: 32.5%
Rental yield: 3.2%
Named for one of its early residents, the suburb of Tighes Hill has been flourishing since 2013, when price growth peaked at 106.3%.
The house market has an average annual growth rate of 10.5%, with the April 2017-2018 period alone yielding a 26.9% rise in prices. The median house value has passed $730,000; yet, such properties are selling quickly and generally spend less than two months on the market.
Tighes Hill’s proximity to the Newcastle CBD makes it a top option for young professionals who want to live near the city, as the CBD can be reached in about 15 minutes via King Street. The 11 bus service departing from Maitland Road also brings commuters to Newcastle. Tighes Hill is home to a Hunter Institute of TAFE campus, and to the Tighes Hill School of Arts.