At number 2069th in the list of Australian suburbs ordered by increase in median house value over the last year, Petersham, 2049 is in the BOTTOM 50% with a property value increase of 4.69% recorded in median house prices.
While Petersham,2049 ranked number 922th in NSW for increase in median house value (annualised) increase, it is ranked 376th over the last 5 years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.55% offered to property buyers. Sellers in Petersham itself are offering an average vendor discount of -7.14% to real estate investors.
Residents and property investors in Petersham have been waiting around 53.3 days to sell a property.
Petersham, 2049 ranked 355th in NSW when comparing growth in median property values or capital gain over the last 12 months. Petersham is one of 3162 in our list for NSW
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Petersham has increased when compared to the 5 year average annual rate.
Vendor discounting in Petersham is giving property investors an average Vendor Discount of around -3.34%. This puts suburb at number 362th in NSW when ranking the most discounted suburbs.
On average over the past year, suburb has had 4.08 sales per month, which equates to 49 per year.
A $500 per week rent on the median house gives suburb investors a gross yield of circa 3.85%, without taking into account capital value appreciation, which has been averaging out at 6.64%.