Pyrmont is in the TOP 10% in NSW when comparing median price capital growth over the last year. Pyrmont gave property investors a very good capital gain figure when compared to the rest of the state, with 26.44%.
Pyrmont,2009 was ranked 379 in Australia by increase in median property value over the quarter.
Advertised rents are around the $730 mark per week – giving a return of 2.46% based on the median price in Suburb
At number 303th in the list of Australian suburbs ordered by increase in median house value over the last year, Pyrmont, 2009 is in the top 20% with a property value increase of 11.93% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Pyrmont comes in at number 172th in NSW.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.45% offered to property buyers. Sellers in Pyrmont itself are offering an average vendor discount of -4.73% to real estate investors.
Using the current median advertised rental of $747.5 and the average annual increase in value of a median property of 8.00%, investors should hope to achieve an overall return of 3.95%