Property value increases in Drummoyne have tracked higher than the NSW average of 8.99% over the last 12 months.
The five-year average increase in median property values for Drummoyne,2047 has given property investors a potential capital gain of 66.91% across each of those five years.
Drummoyne2047 is located in NSW which offers an average discount of -5.52% to property investors. Drummoyne itself is showing figures that indicate -3.99% is the average achievable by property buyers investing in the suburb.
At number 532 in a list of fastest selling suburbs, Drummoyne is in the TOP 20% of suburbs in Australia with an average of days on market 48.4 for properties listed there.
Over the last year, property investments in Drummoyne, 2047 have given investors a capital gain of 9.39%. This compares averagely with the 8.14% for NSW as a whole.
Over the longer term, Drummoyne has seen property prices show investors a 36.18% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Drummoyne should be aiming for at least -5.03% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 124 properties changed hands in Drummoyne, which puts it as the 105th most active market in NSW when comparing the number of sales per suburb.