Investment property in Rosebery has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 15.20%
Rosebery,2018 has offered an average of 15.20% return per annum in house price rises to property investors over the last three years.
The most recent median price for Rosebery is $1705000, with sellers offering an average of -9.38% off the asking price.
The NSW suburb of Rosebery, 2018 is in the Sydney local government area.
Property investors who have had real estate in Rosebery, 2018 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -4.07%
If we look at median property appreciation over just the last three months, Rosebery has given property investors a paper return of 0.61%. This puts Suburb as 346 on a list of fastest fasting appreciating suburbs in NSW
At number 286th of NSW’s most discounted properties, Rosebery is in the TOP 40% of the state/territory when listing in order of most discounted to least.
Renters in Suburb are facing rents around $7440 per annum or $620 every week.
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.