Giving property investors a a solid capital gain of 16.51% for the last year, Drummoyne, 2047 is the 593th highest performer in Australia in this respect.
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 -7.80% to buyers in Drummoyne at the moment, which is less than average for the rest of NSW.
On average over the past year, suburb has had 7.42 sales per month, which equates to 89 per year.
Investment property in Drummoyne has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 20.01%
Across a shorter period, Drummoyne, 2047 has seen a median price increase of 3.00% over the last quarter.
Property buyers and investors in Drummoyne 2047 should be seeing an average reduction in asking price of around -6.15% . This means that Drummoyne is holding prices well when compared to other suburbs in NSW.
At number 131 in a list of fastest selling suburbs, Drummoyne is in the TOP 10% of suburbs in Australia with an average of days on market 39.58 for properties listed there.
Using the current median advertised rental of $650 and the average annual increase in value of a median property of 8.50%, investors should hope to achieve an overall return of 2.93%