Millennials are benefiting from a confluence of factors, like low rates and minimal competition in the starter home segment, that have made homeownership less prohibitive.
Lower Newcastle Home Price
Lower Newcastle, New Brunswick has a median house price of $450,000 when compiling all the home listings in Aug .
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 4.
According to our stats, Lower Newcastle is the neighbourhood that has the 224th most properties available to real estate investors in New Brunswick.
As one of New Brunswick’s many potential real estate investment neighbourhoods, Lower Newcastle needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Lower Newcastle have increased which would tend to indicate that demand is not as high as supply.
New Brunswick has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
If you are looking at investment properties in Lower Newcastle, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.
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