Investment property in Annandale has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.38%
Across a shorter period, Annandale, 2038 has seen a median price increase of 0.00% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Annandale is offering property investors an average of -5.55. This rate of discount on properties puts Suburb at number 701th in terms of most discounted suburbs in NSW
Annandale, 2038 ranked 248th in NSW when comparing growth in median property values or capital gain over the last 12 months. Annandale is one of 3162 in our list for NSW
While Annandale,2038 ranked number 72th in NSW for increase in median house value (annualised) increase, it is ranked 157th 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 -4.46% offered to property buyers. Sellers in Annandale itself are offering an average vendor discount of -8.24% to real estate investors.
On average over the past year, suburb has had 5.50 sales per month, which equates to 66 per year.
Advertised rents are around the $500 mark per week – giving a return of 3.29% based on the median price in Suburb