Stanmore is an average performer in NSW when comparing median price capital growth over the last year. Stanmore gave property investors a good capital gain figure when compared to the rest of the state, with 14.16%.
The five-year average increase in median property values for Stanmore,2048 has given property investors a potential capital gain of 82.38% across each of those five years.
Property buyers and investors in Stanmore 2048 should be seeing an average reduction in asking price of around 0.00% . This means that Stanmore is holding prices well when compared to other suburbs in NSW.
On average over the past year, suburb has had 7.42 sales per month, which equates to 89 per year.
Advertised rents are around the $850 mark per week – giving a return of 2.72% based on the median price in Suburb
Property investors who have had real estate in Stanmore, 2048 should be 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 14.04%
If we look at median property appreciation over just the last three months, Stanmore has given property investors a paper return of 5.38%. This puts Suburb as 105 on a list of fastest fasting appreciating suburbs in NSW
Property investors looking for a bargain in Stanmore should be aiming for at least -5.23% off the asking price, which is the average vendor discount being achieved at the moment.
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.