If you compare the increase in value of investment property in Hawks Nest, 2324 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 30.95%.
When looking at the potential capital gains offered to property investors over the last 3 years, Hawks Nest comes in at number 540th in NSW.
On average over the past year, suburb has had 3.75 sales per month, which equates to 45 per year.
A $395 per week rent on the median house gives suburb investors a gross yield of circa 3.73%, without taking into account capital value appreciation, which has been averaging out at 1.67%.
Property value increases in Hawks Nest have tracked close to the NSW average of 8.39% over the last 12 months.
If we look at median property appreciation over just the last three months, Hawks Nest has given property investors a paper return of -1.28%. This puts Suburb as 437 on a list of fastest fasting appreciating suburbs in NSW
At number 62th of NSW’s most discounted properties, Hawks Nest is in the bottom 30% of the state/territory when listing in order of most discounted to least.
With the median price for a house in Hawks Nest being $385000 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 4.86%