Based on its average 5-year and quarterly capital gains BERESFIELD, 2322 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that BERESFIELD, 2322 obtained a 5.22% growth over a ten-year period. It ranks 1433rd on our list of suburbs that property investors should look into.
BERESFIELD, 2322 in NSW belongs to the local government area of Newcastle.
BERESFIELD, 2322 has a capital gain of 15.33% for the past year, which is higher than average compared to its 39% growth within a five-year period.
With the median home price in BERESFIELD sitting at $372,525, and the average rent at $360, property owners could potentially earn a 5.03% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in BERESFIELD are low, as opposed to average gains per annum over the past five years.
BERESFIELD, 2322 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $340,000.
Home owners selling their properties and realtors in BERESFIELD usually have to wait an average of 95.5 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $320 mark, reflecting a 4.89% increase in returns based on the current median price in BERESFIELD.
BERESFIELD, 2322 places 85th in Australia based on median property value growth during the quarter.