With a capital gain of 14.29% for the last 12 months, Pyrmont, 2009 has performed for property investments than its average annual 12.02% property growth over the last 5 years.
Over the longer term, Pyrmont has seen property prices show investors a 51.66% return over the last 3 years. This is worse than over the last 12 months
On average over the past year, suburb has had 0.92 sales per month, which equates to 11 per year.
Pyrmont, 2009’s gross rental yield is 2.37%
At number 578th in the list of Australian suburbs ordered by increase in median house value over the last year, Pyrmont, 2009 is in the top 40% with a property value increase of 7.34% recorded in median house prices.
While Pyrmont,2009 ranked number 358th in NSW for increase in median house value (annualised) increase, it is ranked 302th over the last 5 years.
Our latest figures would indicate that property sellers in Pyrmont are currently offering property investors an average price cut of -5.60% below the asking price at the moment.
Often selling an investment property can take time, and in Pyrmont the average time real estate has been on the market is 59.42 days.
A $750 per week rent on the median house gives suburb investors a gross yield of circa 3.95%, without taking into account capital value appreciation, which has been averaging out at 7.69%.