Newee Creek

NEWEE CREEK, 2447 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 $1,070,000.

Profits due to an upward trend in home prices in the suburb averaged 0% per annum over a 3-year period.

NEWEE CREEK now ranks at the th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in NEWEE CREEK are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of N/A based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In NEWEE CREEK, homes and units usually stay on listing for an average of N/A.

In 2016, 10 properties were sold in NEWEE CREEK during the past year, making it the 1471st most active market in NSW based on total real estate transactions.