Over the last year, property investments in Stanmore, 2048 have given investors a capital gain of 4.48%. This compares badly with the 8.99% for NSW as a whole.
Taking the average capital gain, or increase in median house value, Stanmore,2048 has racked up an average of 4.48% over the period. This ranks it number 568th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -2.28% to buyers in Stanmore at the moment, which is less than average for the rest of NSW.
Often selling an investment property can take time, and in Stanmore the average time real estate has been on the market is 73 days.
A $800 per week rent on the median house gives suburb investors a gross yield of circa 2.92%, without taking into account capital value appreciation, which has been averaging out at 8.02%.
Stanmore has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -0.78% to date .
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 49th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this NSW.
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.