NSW has seen average median house prices change by 11.67% which means that Shortland, 2307 has done well for property investors by showing a capital gain of 11.05% over the last year
Across a shorter period, Shortland, 2307 has seen a median price increase of 1.69% over the last quarter.
The NSW suburb of Shortland, 2307 is in the Newcastle local government area.
Property investors who have had real estate in Shortland, 2307 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -2.88%
Taking the average capital gain, or increase in median house value, Shortland,2307 has racked up an average of -2.88% over the period. This ranks it number 1436th in the whole country for real estate investors looking at median house price increases.
Using the current median advertised rental of $410 and the average annual increase in value of a median property of 7.72%, investors should hope to achieve an overall return of 5.50%