With a capital gain of 11.12% for the last 12 months, Stanmore, 2048 has performed for property investments than its average annual 8.84% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Stanmore has given property investors a paper return of 3.36%. This puts Suburb as 543 on a list of fastest fasting appreciating suburbs in NSW
Vendor discounting in Stanmore is giving property investors an average Vendor Discount of around -0.97%. This puts suburb at number 1229th in NSW when ranking the most discounted suburbs.
Property investors should expect to get $850 weekly from the median priced house in this suburb.
Over the last year, property investments in Stanmore, 2048 have given investors a capital gain of 6.26%. This compares averagely with the 6.07% for NSW as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Stanmore has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -6.39% to buyers in Stanmore at the moment, which is less than average for the rest of NSW.
The NSW suburb of Stanmore, 2048 is in the Marrickville local government area.
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.