At number 644th in the list of Australian suburbs ordered by increase in median house value over the last year, Hawks Nest, 2324 is in the top 20% with a property value increase of 9.01% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Hawks Nest has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Hawks Nest is offering property investors an average of -6.70. This rate of discount on properties puts Suburb at number 565th in terms of most discounted suburbs in NSW
Property investors should expect to get $380 weekly from the median priced house in this suburb.
Over the last year, property investments in Hawks Nest, 2324 have given investors a capital gain of -1.18%. This compares averagely with the -0.92% for NSW as a whole.
Comparing Hawks Nest,2324 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Hawks Nest, 2324 is offering NSW ‘s 294th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this NSW.
In the last year 28 properties changed hands in Hawks Nest, which puts it as the 339th most active market in NSW when comparing the number of sales per suburb.
A $305 per week rent on the median house gives suburb investors a gross yield of circa 3.78%, without taking into account capital value appreciation, which has been averaging out at 2.44%.