Raworth, 2321 ranked 305th in NSW when comparing growth in median property values or capital gain over the last 12 months. Raworth is one of 3163 in our list for NSW
Raworth,2321 has offered an average of 2.13% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Raworth should be aiming for at least -3.86% off the asking price, which is the average vendor discount being achieved at the moment.
Information supplied by:
Raworth, NSW – Newcastle suburb with excellent prospects
Median house price: $590,000
Three-year growth: 22.3%
Rental yield: 4.0%
Nestled in the Hunter Valley region, Raworth is a peaceful suburb in ideal proximity to Newcastle CBD. In fact, the coastal city, along with major beaches can be accessed via main motorway within a 35-minute drive.
The nearby suburb of Maitland holds plenty shopping amenities, including Green Hills Shopping Centre, as well as a local hospital. Many schools are accessible in the surrounding region. The historically charming town of Morpeth, a long-admired tourism hub, provides for a relaxing weekend escape, filled with heritage walks, colonial architecture, boutiques, and a visit to The Historic Arnott Bakehouse.
Raworth has experienced strong, consistent levels of double digit growth in the five years to June 2019.