Property investors who have had real estate in Waverley, 2024 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 13.85%
While Waverley,2024 ranked number 1105th in NSW for increase in median house value (annualised) increase, it is ranked 178th over the last 5 years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.35% offered to property buyers. Sellers in Waverley itself are offering an average vendor discount of -17.67% to real estate investors.
In the last year 39 properties changed hands in Waverley, which puts it as the 804th most active market in NSW when comparing the number of sales per suburb.
Using the current median advertised rental of $1097.5 and the average annual increase in value of a median property of 9.72%, investors should hope to achieve an overall return of 2.38%
Investment property in Waverley 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 19.20%
When looking at the potential capital gains offered to property investors over the last 3 years, Waverley comes in at number 11th in NSW.
Advertised rents are around the $680 mark per week – giving a return of 3.40% based on the median price in Suburb