At number 1572th in the list of Australian suburbs ordered by increase in median house value over the last year, Petersham, 2049 is in the top 40% with a property value increase of 7.96% recorded in median house prices.
While Petersham,2049 ranked number 828th in NSW for increase in median house value (annualised) increase, it is ranked 381th over the last 5 years.
Our latest figures would indicate that property sellers in Petersham are currently offering property investors an average price cut of -7.14% below the asking price at the moment.
With the median price for a house in Petersham being $1350000 and the advertised rent reaching $760 the gross rental yield for property investors calculates out to be 2.93%
At number 957th 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 2.76% recorded in median house prices.
Across a shorter period, Petersham, 2049 has seen a median price increase of -0.74% over the last quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Petersham, 2049. Typically our figures indicate that -3.15% is being offered, which puts this NSW suburb at 1282th most discounted overall in Australia.
Residents and property investors in Petersham have been waiting around 61.85 days to sell a property.