Menangle Park Could Be The Next South Western Sydney Success Story
For buyers willing to gamble on an early-stage release in an unknown suburb, the rewards might just outweigh the risks. ...
Property investors enjoyed capital gains of 18.8% over the last 12 months in CONCORD, translating to lower returns compared with its peers in NSW.
Figures from the previous quarter show that capital gains for real estate buyers in CONCORD are high, as opposed to average gains per annum over the past five years.
The suburb posted a 7.04% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $720 based on current median home prices for the suburb.
On average, rents on listings have reached the $720 mark, reflecting a 1.7% increase in returns based on the current median price in CONCORD.
CONCORD, 2137 ranks 216th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 1149th on the list of best yielding suburbs for rental properties in NSW, posting a 1.7% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||18.8%||18.3%|
|Median 3 years||7.04%||29.7%|
|Median 5 years||22.91%||47.7%|
|10 years average annual||7.86%||9.46%|
|Weekly media advert. rent||$720||$448.75|
|Time on Market||66.4 days||60.5 days|
|Gross Rental Yield Percent||1.7%||1.92%|