Property investors who have had real estate in Botany, 2019 should be 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 13.13%
Across a shorter period, Botany, 2019 has seen a median price increase of 3.70% over the last quarter.
Our latest figures would indicate that property sellers in Botany are currently offering property investors an average price cut of -4.81% below the asking price at the moment.
Property investors should expect to get $720 weekly from the median priced house in this suburb.
If you compare the increase in value of investment property in Botany, 2019 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 4.00%.
When looking at the potential capital gains offered to property investors over the last 3 years, Botany comes in at number 251th in NSW.
Property investors looking for a bargain in Botany should be aiming for at least -3.29% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Botany being $819375 and the advertised rent reaching $620 the gross rental yield for property investors calculates out to be 3.93%