It's good news for homeowners and not so good news for those looking to get into the property market - house prices in North Rothbury have risen 108 per cent in the last five years.
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It's the seventh highest median house price increase in regional NSW.
According to new data from PropTrack, the current median house price in the suburb is $800,000, up $415,000 or 108 per cent in the last five years.
Cessnock has also seen a big increase, but in unit (apartment) prices.
It had the ninth highest unit price increase in regional NSW, the current median of $495,000 up $200,000 or 68 per cent in the last five years.
It comes just under Nelson Bay, which has the eighth highest unit price increase, currently $685,000. This is up $284,000 or 71 per cent in the last five years.
The suburbs that saw the biggest increases in median house prices in the past five years were Jindabyne, which had a 148 per cent increase to $1,550,000, Kingscliff, which had a 130 per cent increase to $2,000,000 and Teralba, which had a 125 per cent increase to $900,000.
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Chloe Coleman
Chloe Coleman is a journalist covering news in the Lower Hunter. Contact her on chloe.coleman@austcommunitymedia.com.au.
Chloe Coleman is a journalist covering news in the Lower Hunter. Contact her on chloe.coleman@austcommunitymedia.com.au.
