Property value increases in Rosebery have tracked just higher than the NSW average of 7.28% over the last 12 months.
Taking the average capital gain, or increase in median house value, Rosebery,2018 has racked up an average of 11.04% over the period. This ranks it number 681th in the whole country for real estate investors looking at median house price increases.
At number 58th of NSW’s most discounted properties, Rosebery is in the bottom 10% of the state/territory when listing in order of most discounted to least.
Rosebery is 1092th on a list of best yielding suburbs for rents in NSW with a 2.36% return
Over the last year, property investments in Rosebery, 2018 have given investors a capital gain of -2.91%. This compares very badly with the 5.73% for NSW as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Rosebery comes in at number 332th in NSW.
Rosebery2018 is located in NSW which offers an average discount of -4.41% to property investors. Rosebery itself is showing figures that indicate -4.02% is the average achievable by property buyers investing in the suburb.
In the last year 296 properties changed hands in Rosebery, which puts it as the 24th most active market in NSW when comparing the number of sales per suburb.
Advertised rents are around the $620 mark per week – giving a return of 3.86% based on the median price in Suburb
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.