As the real estate landscape evolves, certain suburbs within Greater Bank's service areas have been experiencing remarkable changes, making them attractive prospects for both investors and homebuyers. Let's delve into these promising neighbourhoods that have seen significant growth in recent years.
Wangi Wangi: Lakeside Tranquility
Wangi Wangi, nestled beside the serene waters of Lake Macquarie, has witnessed an impressive 8.7% increase in housing values over the past year, with the median house value now at $864,001. This beautiful lakeside suburb has been said to be a peaceful retreat with a strong sense of community. The recent surge in property value showcases its growing popularity among those seeking a tranquil lakeside lifestyle.
Fletcher: Suburban Sophistication
Fletcher, a suburb in the city of Newcastle, has experienced an 8.5% increase in housing values over the last year, with the median house value now at $930,325. Known for its family-friendly atmosphere and modern amenities, Fletcher presents an appealing option for homebuyers. The recent capital gain highlights the suburb's potential for growth and the quality of life it offers.
Lake Illawarra: Coastal Charm
Lake Illawarra, a picturesque coastal suburb, has seen an 8.1% increase in housing values over the past year, with the median house value now at $791,487. This beautiful region combines coastal charm with a strong sense of community. The recent growth in property values signifies the desirability of Lake Illawarra as a place to call home.
The average price of houses in the Newcastle and Central Coast region fell by 6.4% in the upper quartile and 3.7% in the lower quartile in 2023, so the increase in value of Wangi Wangi, Fletcher and Lake Illawarra’s housing market gives evidence towards the fact that these suburbs are becoming superb places to buy in.
Gunnedah: Rural Riches
Gunnedah, situated in New South Wales' Central West agricultural heartland, has experienced a significant 10.8% increase in housing values over the last year, with the median house value now at $401,382. Known for its rich farming heritage, Gunnedah offers a unique blend of rural living and modern convenience. The recent capital gain underlines its potential for both investors and homebuyers.
The value of property in the Central West region fell on average by 9.8% over the last 12 months, making the increase in value of Gunnedah houses very desirable.
Gilston: Hinterland Haven
Gilston, nestled in the Gold Coast hinterland, has seen a remarkable 12.5% increase in housing values over the past year, with the median house value now at $1,049,692. This hinterland haven combines natural beauty with proximity to urban amenities. The recent surge in property values highlights Gilston as a suburb with great potential for those seeking a balanced lifestyle.
The value of property in the Gold Coast region fell on average by 4.4% over the last 12 months, making the increase in value of Gilston houses very desirable.
In conclusion, these suburbs within Greater Bank's service areas offer exciting prospects for investors and homebuyers alike. With remarkable capital gains, affordable living and promising development projects, these regions are well worth exploring. As these areas continue to flourish, they are becoming increasingly attractive destinations for those seeking a better lifestyle and solid real estate investments. Whether you're an investor or a homebuyer, these suburbs present unique opportunities to consider.
Source: https://www.corelogic.com.au/our-data/mapping-market
This article is intended to provide general information of an educational nature only. Information in this article is current as at the date of publication.