At number 1845th in the list of Australian suburbs ordered by increase in median house value over the last year, Scotland Island, 2105 is in the top half with a property value increase of 6.33% recorded in median house prices.
While Scotland Island,2105 ranked number 513th in NSW for increase in median house value (annualised) increase, it is ranked 771th 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 -5.49% offered to property buyers. Sellers in Scotland Island itself are offering an average vendor discount of -5.32% to real estate investors.
A $550 per week rent on the median house gives suburb investors a gross yield of circa 3.40%, without taking into account capital value appreciation, which has been averaging out at 5.44%.