Houses in Newcastle, the NSW Central Coast and Coffs Harbour at market peak: HTW Property Clock

Houses in Newcastle, the NSW Central Coast and Coffs Harbour at market peak: HTW Property Clock
Houses in Newcastle, the NSW Central Coast and Coffs Harbour at market peak: HTW Property Clock

Houses in Newcastle, the NSW Central Coast and Coffs Harbour are still at market peak according to the August Property Clock from Herron Todd White.

The locations were at peak of market for houses in July as well, according to HTW.

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Houses in Newcastle, the NSW Central Coast and Coffs Harbour at market peak: HTW Property Clock

 

Herron Todd White said over 50 percent of residential sales in the Lower Hunter in the past financial year being to investors, this region is certainly a hot spot for property investment.

"The number of investment home loans has dropped nationally over the past year and this trend is predicted to continue due to the regulatory clampdowns that have been imposed," HTW said.

"These regulations and the government’s efforts to cool the housing market especially in major cities would suggest that investment should slow down nationwide.

"This may not be the case in the Lower Hunter however; in fact it will probably buck the trend.

"Newcastle is still an enticing prospect for investors due its close proximity to Sydney, its affordability compared to the capital cities and an excellent rental market with a current vacancy rate of just 2.3 percent.

"With Newcastle being a university city there is a high investor involvement in good rental yield suburbs close to the university such as Jesmond and Wallsend.

"However investors are also looking at inner city and coastal suburbs such as Cooks Hill, Wickham and Adamstown for higher capital gains. 

"Strong rental returns, larger blocks, competitive capital gains and the ability to find low maintenance 2- to 3-bedroom properties for under $500,000 means the region offers plenty of good investment opportunities for those who can’t afford the larger capital cities, especially Sydney."

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Housing Market Dwelling Sales

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