Property value increases in Drummoyne have tracked just higher than the NSW average of 7.28% 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 83.52% across each of those five years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.49% offered to property buyers. Sellers in Drummoyne itself are offering an average vendor discount of -7.14% to real estate investors.
Drummoyne is 1124th on a list of best yielding suburbs for rents in NSW with a 2.27% return
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 15.90%.
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.
Property buyers and investors in Drummoyne 2047 should be seeing an average reduction in asking price of around -6.41% . This means that Drummoyne is holding prices well when compared to other suburbs in NSW.
With the median price for a house in Drummoyne being $1075000 and the advertised rent reaching $615 the gross rental yield for property investors calculates out to be 2.97%