Property investors who have had real estate in Drummoyne, 2047 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 19.05%
A 103.99% growth in median value for property investors in Drummoyne,2047 puts this suburb at number 666th in terms of best performing suburbs in NSW
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.22% offered to property buyers. Sellers in Drummoyne itself are offering an average vendor discount of -12.71% to real estate investors.
Property value increases in Drummoyne have tracked just higher than the NSW average of 8.63% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Drummoyne has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -4.68% to buyers in Drummoyne at the moment, which is less than average for the rest of NSW.
At number 228 in a list of fastest selling suburbs, Drummoyne is in the TOP 20% of suburbs in Australia with an average of days on market 44.16 for properties listed there.
Advertised rents are around the $650 mark per week – giving a return of 2.88% based on the median price in Suburb