NSW has seen average median house prices change by -4.21% which means that Mallabula, 2319 has not done well for property investors by showing a capital gain of -2.98% over the last year
If we look at median property appreciation over just the last three months, Mallabula has given property investors a paper return of -7.78%. This puts Suburb as 1214 on a list of fastest fasting appreciating suburbs in NSW
Using the current median advertised rental of $375 and the average annual increase in value of a median property of 6.92%, investors should hope to achieve an overall return of 4.70%
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Seaside spot capitalises on tourism
Median house price: $419,500
Three-year growth: 20.7%
Rental yield: 5.1%
Near the shores of the Hunter region, houses in the suburb of Mallabula have been experiencing considerable, steady price hikes for the past five years.
In the December 2017 quarter, Mallabula reported 13.7% growth; nonetheless, the median house value remains under $420,000. Thus, this market is quite affordable. The average rental yield is also strong at 5.1%, and houses are selling at an average discount rate of just 3.1%; thus, Mallabula is ideal for both buyers and sellers.
The suburb is mainly residential, with the Port Stephens harbour, a popular tourist spot, located nearby. Mallabula residents can enjoy fishing, swimming, boating and other water-based activities here, and enjoy gourmet food and wine. Commuters heading out can take the bus from the stop on Strathmore Road.