NSW has seen average median house prices change by 11.06% which means that Leichhardt, 2040 has done well for property investors by showing a capital gain of 20.04% over the last year
If we look at median property appreciation over just the last three months, Leichhardt has given property investors a paper return of 1.48%. This puts Suburb as 805 on a list of fastest fasting appreciating suburbs in NSW
The most recent median price for Leichhardt is $1542500, with sellers offering an average of -10.68% off the asking price.
Often selling an investment property can take time, and in Leichhardt the average time real estate has been on the market is 53.06 days.
A $800 per week rent on the median house gives suburb investors a gross yield of circa 2.70%, without taking into account capital value appreciation, which has been averaging out at 9.49%.
Leichhardt, 2040 ranked 285th in NSW when comparing growth in median property values or capital gain over the last 12 months. Leichhardt is one of 3163 in our list for NSW
Over the longer term, Leichhardt has seen property prices show investors a 32.99% return over the last 3 years. This is worse than over the last 12 months
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.13% offered to property buyers. Sellers in Leichhardt itself are offering an average vendor discount of -4.93% to real estate investors.
With the median price for a house in Leichhardt being $911000 and the advertised rent reaching $598.5 the gross rental yield for property investors calculates out to be 3.42%