Over the last year, property investments in Rosebery, 2018 have given investors a capital gain of 8.24%. This compares favourably with the 6.38% for NSW as a whole.
While Rosebery,2018 ranked number 695th in NSW for increase in median house value (annualised) increase, it is ranked 115th over the last 5 years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.50% offered to property buyers. Sellers in Rosebery itself are offering an average vendor discount of -9.38% to real estate investors.
Situated 5.98km from the CBD, Rosebery is one of Sydney localities in the postcode 2018.
Over the last year, property investments in Rosebery, 2018 have given investors a capital gain of -5.23%. This compares very badly with the 5.59% for NSW as a whole.
Rosebery,2018 has offered an average of -5.23% return per annum in house price rises to property investors over the last three years.
Property buyers and investors in Rosebery 2018 should be seeing an average reduction in asking price of around -4.11% . This means that Rosebery is holding prices well when compared to other suburbs in NSW.
The NSW suburb of Rosebery, 2018 is in the Sydney local government area.
Rosebery is nestled between Mascot and Beaconsfield, 6km south of the Sydney CBD. Accessibility to the CBD is excellent, with high speed rail links to the city located in nearby Mascot and Green Square. This line also connects to Sydney airport, which is less than 3km away. Full summary
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Rosebery is nestled between Mascot and Beaconsfield, 6km south of the Sydney CBD. Accessibility to the CBD is excellent, with high speed rail links to the city located in nearby Mascot and Green Square. This line also connects to Sydney airport, which is less than 3km away.
The Southern Crossway also provide road access to the CBD and eastern suburbs. Meanwhile, the inner west is also easily accessible, with Newtown being only 3km away.
There are substantial retail amenities in Rosebery, a large proportion of which are located on Gardeners Road. There is also a large shopping centre in Eastlakes with a wide range of stores. The Royal South Sydney Community Health Complex is located in neighbouring Beaconsfield. The northern part of Rosebery is also benefitting significantly from urban renewal works intended to revitalise the Alexandria and Green Square areas.
The project, one of the largest in Australia, will create a new ‘town centre’ at the junction of Botany Road, Bourke Street and O'Riordan Street, with light rail connecting it to suburbs in the east, west and south as well as the CBD. The town centre will include a new library and sports centre, as well as a large number of new dwellings. The City of Sydney says that 5,700 new dwellings have been built since 2,000, bringing in 11,000 new residents, and estimates that Green Square will house about 40,000 residents and attract about 22,000 workers by 2030.
This redevelopment is likely to improve the suburb’s already strong investment fundamentals. The median unit price is relatively affordable, rental yields are solid and vacancy rates are minimal.
Long-term growth is likely to be boosted by the ongoing urban renewal around Green Square. However, investors will be best served by sticking close to Gardeners Road at present, with locals recommending nearby side roads like Tramway Street.