Property investors enjoyed capital gains of 8.4% over the last 12 months in SEVEN HILLS, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 8.68% growth over a ten-year period. It ranks 349th on our list of suburbs that property investors should look into.
SEVEN HILLS, 2147 has a capital gain of 8.4% for the past year, which is lower than average compared to its 81.74% growth within a five-year period.
With the median home price in SEVEN HILLS sitting at $761,500, and the average rent at $450, property owners could potentially earn a 3.07% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in SEVEN HILLS are low, as opposed to average gains per annum over the past five years.
SEVEN HILLS, 2147 in NSW belongs to the local government area of Blacktown.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||8.4%||3.49%|
|Median 3 years||43.68%||62.8%|
|Median 5 years||81.74%||75.66%|
|10 years average annual||8.68%||8.48%|
|Weekly media advert. rent||$450||$470|
|Time on Market||40.4 days||45.6 days|
|Gross Rental Yield Percent||3.07%||3.66%|