In the dynamic world of real estate, it's not just about finding the right region; it's about discovering the ideal suburbs that meet your property needs. In this article, we delve into Greater Bank's top suburbs, examining their unique characteristics and potential for property buyers. Whether you're an owner-occupier or an investor, understanding the individual profiles of these suburbs can guide your decision-making process.
Tweed Heads South: Coastal Living with Investment Potential
Tweed Heads South, nestled on the picturesque New South Wales coastline, offers the perfect blend of coastal living and investment potential. The median unit price here stands at $617,500, and while it experienced a slight quarterly decline of -1.20%, the 12-month growth is a promising +2.92%. With a weekly advertised rent of $600 and a robust gross rental yield of 5.51%, it's a suburb worth considering for investors and those seeking a relaxed coastal lifestyle.
If you're enticed by the idea of coastal living and investment opportunities, Greater Bank can assist you in securing a home loan that suits your budget.
Orange: Thriving Regional Hub
The thriving regional hub of Orange provides an enticing mix of lifestyle and investment opportunities. With a median unit price of $475,500, it has experienced significant growth, with a quarterly increase of +0.21% and a remarkable 12-month growth of +15.13%. The weekly advertised rent is $410, offering a competitive gross rental yield of 5.07%.
Orange's growth potential is evident, making it an attractive prospect for property seekers. If you're considering Orange for your property journey, Greater Bank's expert team can assist you in securing the right home loan to match your needs.
Cessnock: Affordable Investment in the Hunter Valley
Located in the Hunter Valley, Cessnock is an affordable option for property investors. With a median unit price of $460,000 and a solid 12-month growth rate of +9.52%, it's a promising market. The weekly advertised rent stands at $390, providing a gross rental yield of 4.88%.
Cessnock's affordability and investment potential make it a worthy choice for those seeking a foothold in the property market. When you're ready to explore investment opportunities, Greater Bank offers a range of competitive home loan solutions to help you achieve your goals.
Rutherford: Growth Potential in Hunter Valley
Rutherford, located in the Hunter Valley region, offers growth potential for property buyers. With a median unit price of $495,500 and a robust 12-month growth rate of +12.61%, it's a suburb on the rise. The weekly advertised rent is $420, resulting in a solid gross rental yield of 4.85%.
If you're considering Rutherford for your property aspirations, Greater Bank can provide a variety of home loan solutions tailored to your budget and investment objectives.
Wallsend: Convenient Living with Investment Prospects
Wallsend, a suburb in New South Wales, combines convenience and investment prospects. The median unit price is $607,500, with a quarterly growth rate of +1.25% and an impressive 12-month growth of +13.55%. The weekly advertised rent is $500, leading to a competitive gross rental yield of 4.73%.
Wallsend's potential for growth and convenient living makes it a compelling choice. When you're ready to explore opportunities in this thriving suburb, Greater Bank can assist you in securing a home loan that aligns with your property aspirations.
Campbelltown: Thriving South-Western Hub
Campbelltown, located in the south-western region, offers a thriving real estate market. With a median unit price of $520,000 and a remarkable 12-month growth rate of +8.33%, it presents significant growth potential. The weekly advertised rent is $450, resulting in a solid gross rental yield of 4.62%.
Campbelltown's growth potential and thriving hub make it a suburb worth considering for property buyers. If you're ready to explore opportunities in this dynamic market, Greater Bank's range of home loan solutions can help you turn your property aspirations into reality.
Newcastle West: Urban Living with Investment Prospects
Newcastle West, situated in the heart of Newcastle, offers urban living with investment prospects. The median unit price is $635,000, and while it experienced a slight quarterly decline of -5.22%, the 12-month growth is a notable +1.55%. With a weekly advertised rent of $600 and a gross rental yield of 4.52%, it's a suburb worth exploring for property seekers.
Newcastle West's urban appeal and investment potential make it a compelling choice. If you're considering opportunities in this vibrant suburb, Greater Bank offers a range of competitive home loan solutions to match your property aspirations.
Bathurst: Historic Charm with Investment Appeal
Bathurst, renowned for its historic charm, offers investment appeal for property buyers. With a median unit price of $435,000 and a solid 12-month growth rate of +14.47%, it's a suburb with significant potential. The weekly advertised rent is $360, providing a strong gross rental yield of 4.51%.
Bathurst's historic charm and investment opportunities make it an attractive prospect. When you're ready to explore opportunities in this unique suburb, Greater Bank's expert team can assist you in securing the right home loan to match your needs and budget.
In conclusion, Greater Bank's top suburbs present diverse opportunities for property seekers, whether you're an owner-occupier or an investor. The key is to consider your specific needs, budget, and long-term goals when deciding which suburb aligns with your property aspirations. Be sure to keep a close eye on market trends and potential growth in your chosen suburb to make an informed decision.
Data for Top Suburbs within Greater Bank's Footprint:
|
Suburb |
Property Type |
Median Price |
Quarterly Growth |
12-Month Growth |
Weekly Advertised Rent |
Gross Rental Yield |
|
Tweed Heads South |
Units |
$617,500 |
-1.20% |
+2.92% |
$600 |
5.51% |
|
Orange |
Units |
$475,500 |
+0.21% |
+15.13% |
$410 |
5.07% |
|
Cessnock |
Units |
$460,000 |
0.00% |
+9.52% |
$390 |
4.88% |
|
Rutherford |
Units |
$495,500 |
+6.90% |
+12.61% |
$420 |
4.85% |
|
Wallsend |
Units |
$607,500 |
+1.25% |
+13.55% |
$500 |
4.73% |
|
Campbelltown |
Units |
$520,000 |
0.00% |
+8.33% |
$450 |
4.62% |
|
Newcastle West |
Units |
$635,000 |
-5.22% |
-1.55% |
$600 |
4.52% |
|
Bathurst |
Units |
$435,000 |
+3.33% |
+14.47% |
$360 |
4.51% |
Source: https://www.corelogic.com.au/news-research/reports/regional-market-update
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.