Raworth, 2321 ranked 312th 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
Over the longer term, Raworth has seen property prices show investors a 5.72% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Raworth should be aiming for at least -3.89% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Raworth the average time real estate has been on the market is 82.2174 days.
Raworth is 287th on a list of best yielding suburbs for rents in NSW with a 4.50% return
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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.