Rosebery has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 15.14% to date .
Taking the average capital gain, or increase in median house value, Rosebery,2018 has racked up an average of 15.14% over the period. This ranks it number 393th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Rosebery is offering property investors an average of -5.52. This rate of discount on properties puts Suburb at number 226th in terms of most discounted suburbs in NSW
Situated 6.08km from the CBD, Rosebery is one of Sydney localities in the postcode 2018.
Property investors who have had real estate in Rosebery, 2018 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 9.59%
The five-year average increase in median property values for Rosebery,2018 has given property investors a potential capital gain of 56.26% across each of those five years.
Vendor discounting in Rosebery is giving property investors an average Vendor Discount of around -4.54%. This puts suburb at number 199th in NSW when ranking the most discounted suburbs.
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
Information supplied by:
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.