Leichhardt has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 8.34% to date .
Over the longer term, Leichhardt has seen property prices show investors a 47.36% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for Leichhardt is $1338000, with sellers offering an average of -4.90% off the asking price.
With the median price for a house in Leichhardt being $1338000 and the advertised rent reaching $750 the gross rental yield for property investors calculates out to be 2.91%
If you compare the increase in value of investment property in Leichhardt, 2040 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -14.49%.
The five-year average increase in median property values for Leichhardt,2040 has given property investors a potential capital gain of 14.05% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Leichhardt is offering property investors an average of -4.45. This rate of discount on properties puts Suburb at number 320th in terms of most discounted suburbs in NSW
Advertised rents are around the $580 mark per week – giving a return of 4.05% based on the median price in Suburb