We provide expert property management in Newcastle and Lake Macquarie. Based in Charlestown NSW, we have been delighting Newcastle property investors with our personal, professional service since 2011.
Find out the 7 great reasons to work with us, and if you find this article helpful or enjoyable, please subscribe or share it with someone else who may benefit. Investors of property in regional NSW will be pleased with the data presented in the latest CoreLogic November Home Value Index. The report, released on December 1, highlights the continued strength of property in the regions both from a capital growth and rental yield perspective - and indicates that Regional NSW specifically has outperformed many other areas of Australia. Changes in National House ValuesAccording to the CoreLogic November Index:
However there is a slowdown in the pace of growth, which CoreLogic's Research Director Tim Lawless says is for a number of reasons: “Virtually every factor that has driven housing values higher has lost some potency over recent months. Fixed mortgage rates are rising, higher listings are taking some urgency away from buyers, affordability has become a more substantial barrier to entry and credit is less available.” Changes in Regional NSW House ValuesFrom a regional perspective, capital growth results were even stronger than in the major cities:
The report cites that "demand for housing across regional markets, especially those within commuting distance of the major cities, is continuing to benefit from the rise in popularity of remote working arrangements, along with renewed demand for coastal and lifestyle properties, and in many cases, more affordable housing options". Impacts of House Price Growth on Rental Yields As house prices grow, rental yields have reduced as a result of house prices rising faster than rents. Even still, rental yield in Regional NSW in November was 3.7%, outperforming Sydney (2.4%) and Melbourne (2.7%). View the full CoreLogic November Home Value Index report.
We love analysing data like this and would love to share our knowledge with you as an investor. If you'd like to talk about management of your investment property in Newcastle or Lake Macquarie, contact us today.
We provide expert property management in Newcastle and Lake Macquarie. Based in Charlestown NSW, we have been delighting Newcastle property investors with our personal, professional service since 2011.
Find out the 7 great reasons to work with us, and if you found this article helpful or enjoyable, please subscribe or share it with someone else who may benefit.
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Carnelian Property Management Newcastle NSWWe are a family-owned and run Charlestown real estate agent offering expert property management across Newcastle and Lake Macquarie. Want More?Build your property management knowledge - get regular tips and advice for landlords and tenants straight to your inbox.
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