At number 899th in the list of Australian suburbs ordered by increase in median house value over the last year, Stanmore, 2048 is in the top 30% with a property value increase of 14.97% recorded in median house prices.
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.
Stanmore, 2048 is offering NSW ‘s 1209th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this NSW.
Renters in Suburb are facing rents around $10590 per annum or $882.5 every week.
Investment property in Stanmore has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.31%
Over the longer term, Stanmore has seen property prices show investors a 23.50% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Stanmore are currently offering property investors an average price cut of -4.51% below the asking price at the moment.
Residents and property investors in Stanmore have been waiting around 97.79 days to sell a property.
Situated 3.35km from the CBD, Stanmore is one of Marrickville localities in the postcode 2048.
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.