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Property investors enjoyed capital gains of 2.01% over the last 12 months in SUMMER HILL, translating to lower returns compared with its peers in NSW.
Figures from the previous quarter show that capital gains for real estate buyers in SUMMER HILL are low, as opposed to average gains per annum over the past five years.
The suburb posted a 20.55% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $680 based on current median home prices for the suburb.
On average, rents on listings have reached the $680 mark, reflecting a 1.39% increase in returns based on the current median price in SUMMER HILL.
SUMMER HILL, 2130 ranks 951st in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 1129th on the list of best yielding suburbs for rental properties in NSW, posting a 1.39% return.
Summer Hill is an inner-west suburb of Sydney, located approximately 7 kilometres from the Sydney Central Business District and about 6 kilometres from Parramatta CBD. It falls under the jurisdiction of the Inner West Council.
As per the 2021 Census, Summer Hill had a population of 7,288 residents living in 3,605 dwellings, with an average household size of 2.11 persons. The median age was 37 years. Approximately 64.7% of residents were born in Australia, with notable communities from England (5.6%) and New Zealand (2.6%). Languages spoken at home include English (76.1%), Italian (2.1%), and Mandarin (1.9%).
Public transportation in Summer Hill is well-established. Summer Hill railway station, part of the Sydney Trains network, serves the suburb by providing access to the T2 Inner West & Leppington Line. Additionally, bus routes such as 418, 4438x and 461x connect Summer Hill to various parts of Sydney. The nearest light rail station is Taverners Hill, approximately a 10-minute walk from the suburb's centre.
Essential amenities are concentrated around the village-like shopping precinct, featuring a grocery store, chemist, bank, restaurants, cafes, and a pub, all within a few minutes' walk of each other. Educational institutions in the area include Summer Hill Public School and Trinity Grammar School, catering to primary and secondary students.
Recreational activities in Summer Hill are supported by several parks and community facilities. Darrell Jackson Gardens offers open spaces, a skate park, children's play areas, tennis courts, BBQS, and picnic areas. The suburb also hosts the Flour Mill Markets, providing a platform for local artisans and food vendors.