Drummoyne is in the TOP 20% in NSW when comparing median price capital growth over the last year. Drummoyne gave property investors a very good capital gain figure when compared to the rest of the state, with 15.14%.
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.
LACK OF BUYER INTEREST may well be the reason that Drummoyne is offering property investors an average of -5.55. This rate of discount on properties puts Suburb at number 713th in terms of most discounted suburbs in NSW
Renters in Suburb are facing rents around $10800 per annum or $900 every week.
Property investors who have had real estate in Drummoyne, 2047 should be relatively 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 9.34%
Over the longer term, Drummoyne has seen property prices show investors a 36.86% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Drummoyne is giving property investors an average Vendor Discount of around -5.03%. This puts suburb at number 146th in NSW when ranking the most discounted suburbs.