NSW has seen average median house prices change by 7.15% which means that Drummoyne, 2047 has done well for property investors by showing a capital gain of 16.21% over the last year
Across a shorter period, Drummoyne, 2047 has seen a median price increase of 1.58% over the last quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.53% offered to property buyers. Sellers in Drummoyne itself are offering an average vendor discount of -4.81% to real estate investors.
At number 877 in a list of fastest selling suburbs, Drummoyne is in the TOP 30% of suburbs in Australia with an average of days on market 58.39 for properties listed there.
NSW has seen average median house prices change by 6.59% which means that Drummoyne, 2047 has done well for property investors by showing a capital gain of 3.61% over the last year
While Drummoyne,2047 ranked number 479th in NSW for increase in median house value (annualised) increase, it is ranked 232th over the last 5 years.
Property investors looking for a bargain in Drummoyne should be aiming for at least -6.21% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Drummoyne have been waiting around 37.6 days to sell a property.
Drummoyne is 512th on a list of best yielding suburbs for rents in NSW with a 3.27% return