Property investors who have had real estate in St Ives, 2075 should be relatively 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 10.01%
When looking at the potential capital gains offered to property investors over the last 3 years, St Ives comes in at number 210th in NSW.
Property investors looking for a bargain in St Ives should be aiming for at least -5.50% off the asking price, which is the average vendor discount being achieved at the moment.
A $1000 per week rent on the median house gives suburb investors a gross yield of circa 2.94%, without taking into account capital value appreciation, which has been averaging out at 7.22%.
Giving property investors a a stable capital gain of 9.33% for the last year, St Ives, 2075 is the 448th highest performer in Australia in this respect.
Across a shorter period, St Ives, 2075 has seen a median price increase of 1.86% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that St Ives is offering property investors an average of -4.46. This rate of discount on properties puts Suburb at number 359th in terms of most discounted suburbs in NSW
Advertised rents are around the $650 mark per week – giving a return of 4.12% based on the median price in Suburb