Property investors enjoyed capital gains of 5.19% over the last 12 months in SYLVANIA, translating to lower returns compared with its peers in NSW.
Figures from the previous quarter show that capital gains for real estate buyers in SYLVANIA are low, as opposed to average gains per annum over the past five years.
The suburb posted a 36.21% 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 $725 based on current median home prices for the suburb.
On average, rents on listings have reached the $725 mark, reflecting a 2.65% increase in returns based on the current median price in SYLVANIA.
SYLVANIA, 2224 ranks 816th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 742nd on the list of best yielding suburbs for rental properties in NSW, posting a 2.65% return.
Property investors have seen a -2% drop in SYLVANIA based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains SYLVANIA, 2224 saw average growth in the long term.
SYLVANIA, 2224 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $931,000.
Profits due to an upward trend in home prices in SYLVANIA, 2224 averaged 7.37% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $600 based on current median home prices for the suburb.
The gross rental yield in SYLVANIA, 2224 is 3.35%.
An average of 6.67 real estate transactions take place per month in SYLVANIA which translates to 80 per annum.
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