With a capital gain of 5.70% for the last 12 months, Randwick, 2031 has performed for property investments than its average annual 8.63% property growth over the last 5 years.
Comparing Randwick,2031 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
The most recent median price for Randwick is $2300000, with sellers offering an average of -7.31% off the asking price.
Advertised rents are around the $1050 mark per week – giving a return of 2.37% based on the median price in Suburb
NSW has seen average median house prices change by 5.73% which means that Randwick, 2031 has done well for property investors by showing a capital gain of 10.75% over the last year
A 44.20% growth in median value for property investors in Randwick,2031 puts this suburb at number 190th in terms of best performing suburbs in NSW
Sellers are offering property buyers an average discount of -3.25% to buyers in Randwick at the moment, which is less than average for the rest of NSW.
Often selling an investment property can take time, and in Randwick the average time real estate has been on the market is 46.51 days.
Using the current median advertised rental of $610 and the average annual increase in value of a median property of 7.04%, investors should hope to achieve an overall return of 3.62%