Investment property in Pyrmont has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 12.85%
When looking at the potential capital gains offered to property investors over the last 3 years, Pyrmont comes in at number 509th in NSW.
With the median price for a house in Pyrmont being $1625000 and the advertised rent reaching $750 the gross rental yield for property investors calculates out to be 2.40%
NSW has seen average median house prices change by 8.63% which means that Pyrmont, 2009 has done well for property investors by showing a capital gain of 6.38% over the last year
The five-year average increase in median property values for Pyrmont,2009 has given property investors a potential capital gain of 48.15% across each of those five years.
Property buyers and investors in Pyrmont 2009 should be seeing an average reduction in asking price of around -5.52% . This means that Pyrmont is holding prices well when compared to other suburbs in NSW.
On average over the past year, suburb has had 26.17 sales per month, which equates to 314 per year.
Renters in Suburb are facing rents around $9000 per annum or $750 every week.