Stanmore has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 14.21% to date .
A 82.76% growth in median value for property investors in Stanmore,2048 puts this suburb at number 385th in terms of best performing suburbs in NSW
Stanmore2048 is located in NSW which offers an average discount of -5.35% to property investors. Stanmore itself is showing figures that indicate 0.00% is the average achievable by property buyers investing in the suburb.
Residents and property investors in Stanmore have been waiting around 53.71 days to sell a property.
The NSW suburb of Stanmore, 2048 is in the Marrickville local government area.
Stanmore, 2048 ranked 161th in NSW when comparing growth in median property values or capital gain over the last 12 months. Stanmore is one of 3163 in our list for NSW
A 37.89% growth in median value for property investors in Stanmore,2048 puts this suburb at number 243th in terms of best performing suburbs in NSW
Vendor discounting in Stanmore is giving property investors an average Vendor Discount of around -5.47%. This puts suburb at number 79th in NSW when ranking the most discounted suburbs.
Advertised rents are around the $527.5 mark per week – giving a return of 3.92% based on the median price in Suburb
Sydney suburb Stanmore has been one of the hottest locations in the inner west, particularly for families looking for larger properties than may be available closer to the city. Full summary
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Sydney suburb Stanmore has been one of the hottest locations in the inner west, particularly for families looking for larger properties than may be available closer to the city.
Stanmore is characterised by wide tree lined streets and a high proportion of houses – over half of properties are freestanding or terraced houses. Blocks are also typically bigger than are found elsewhere in the inner west, and many properties are older character homes. Indeed, new buildings cannot be over three stories high and must retain a facade in keeping with the heritage of the suburb, adding a scarcity factor to properties in Stanmore.
Amenity-wise, residents are spoilt for choice. Stanmore itself has a wide range of shops and eateries clustered around the junction between Salisbury and Percival Road. It’s also just minutes from the lifestyle centre of Newtown and within easy reach of Leichhardt and Haberfield. There are several public and private schools, and the Royal Prince Alfred Hospital is in nearby Camperdown.
It hits all the buttons for investors seeking the best of all worlds for attracting tenants. Access to the CBD is provided by both regular rail and bus services, with a train journey to the CBD taking less than 15 minutes. The presence of the University of Sydney, the Chippendale UTS campus and the Royal Prince Alfred Hospital also make Stanmore a good option for university staff, medical staff and students. It has a very high percentage of professional residents, and the average weekly household income is significantly higher than the NSW average at over $2,100pw.
The proximity of the university means there’s scope to mitigate the holding cost pain by renting properties out as student accommodation. There may also be possibilities to subdivide, renovate or otherwise develop existing properties to manufacture growth.