NSW has seen average median house prices change by 7.93% which means that Rosebery, 2018 has done well for property investors by showing a capital gain of 6.04% over the last year
A 65.75% growth in median value for property investors in Rosebery,2018 puts this suburb at number 810th in terms of best performing suburbs in NSW
The most recent median price for Rosebery is $1500000, with sellers offering an average of -7.19% off the asking price.
With the median price for a house in Rosebery being $1500000 and the advertised rent reaching $750 the gross rental yield for property investors calculates out to be 2.60%
Property investors who have had real estate in Rosebery, 2018 should be ok 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 4.89%
If we look at median property appreciation over just the last three months, Rosebery has given property investors a paper return of -3.55%. This puts Suburb as 470 on a list of fastest fasting appreciating suburbs in NSW
Vendor discounting in Rosebery is giving property investors an average Vendor Discount of around -4.93%. This puts suburb at number 162th in NSW when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Rosebery the average time real estate has been on the market is 53.05 days.
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.