Property value increases in Randwick have tracked just lower than the NSW average of 7.15% over the last 12 months.
While Randwick,2031 ranked number 246th in NSW for increase in median house value (annualised) increase, it is ranked 511th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Randwick is offering property investors an average of -5.53. This rate of discount on properties puts Suburb at number 107th in terms of most discounted suburbs in NSW
Property investors should expect to get $1000 weekly from the median priced house in this suburb.
Giving property investors a a stable capital gain of 10.53% for the last year, Randwick, 2031 is the 373th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Randwick has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -4.12% to buyers in Randwick at the moment, which is less than average for the rest of NSW.
Using the current median advertised rental of $600 and the average annual increase in value of a median property of 6.56%, investors should hope to achieve an overall return of 3.71%