NSW has seen average median house prices change by 8.99% which means that Darlinghurst, 2010 has done well for property investors by showing a capital gain of 16.90% over the last year
The five-year average increase in median property values for Darlinghurst,2010 has given property investors a potential capital gain of 85.25% across each of those five years.
The most recent median price for Darlinghurst is $1695000, with sellers offering an average of -2.88% off the asking price.
On average over the past year, suburb has had 4.83 sales per month, which equates to 58 per year.
A $850 per week rent on the median house gives suburb investors a gross yield of circa 2.61%, without taking into account capital value appreciation, which has been averaging out at 8.94%.
At number 247th in the list of Australian suburbs ordered by increase in median house value over the last year, Darlinghurst, 2010 is in the top 20% with a property value increase of 14.67% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Darlinghurst,2010 has racked up an average of 14.67% over the period. This ranks it number 311th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Darlinghurst should be aiming for at least -6.55% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $595 and the average annual increase in value of a median property of 9.48%, investors should hope to achieve an overall return of 3.60%