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Investment Property Shortland, NSW, 2307

Suburb Snapshot

Shortland is a suburb in the Newcastle Region of New South Wales. Shortland has a population of 3,907 people and 32.23% of its occupants live in rental accommodation. The median listing price for houses is $720,500 and this has changed 7.53% over the past year and changed 10.84% over 2 years.

The median rent in Shortland for houses is $595 per week and the median rental yield is 4.29%. Stock on the market for houses/townhouses has changed 20.00% compared to last year and the average time to sell a house/townhouse is 37 days.The median listing price for units is NA and this has changed NA over the past year. The average unit takes NA days to sell and the median rent for a unit in Shortland is $450 per week, producing a rental yield of NA.

Supply & Demand in Shortland, Newcastle

1.01%

Current vacancy rate


24

Rental stock available


3,907

Population


32.23%

Rental population


1.06%

Current vacancy rate


872

Rental stock available


155,409

Population


31.53%

Rental population


1.02%

Current vacancy rate


37,155

Rental stock available


7,480,223

Population


27.79%

Rental population


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Statistical data for Shortland, Newcastle

  House Townhouses Units
Median listing price $720,500 $669,000 NA
Median price change - last quarter 4.41% 1.51% NA
Median price change - 1 year 7.53% 7.90% NA
Median price change - 2 years 10.84% 14.35% NA
  House Townhouses Units
Median weekly rent $595 $630 $450
Median yield % 4.29% 4.89% NA
Median rent change - 1 year 8.18% 8.62% 23.28%
  House Units
Previous month sales 5 0
Stock on market previous month 30 1
Stock variance vs. last year 20.00% 100.00%
Average days on market 37 NA

Shortland investment property listings

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