Property investors who have had real estate in Denistone, 2114 should be ok 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 5.21%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Denistone has increased when compared to the 5 year average annual rate.
Vendor discounting in Denistone is giving property investors an average Vendor Discount of around -2.98%. This puts suburb at number 1136th in NSW when ranking the most discounted suburbs.
A $650 per week rent on the median house gives suburb investors a gross yield of circa 2.09%, without taking into account capital value appreciation, which has been averaging out at 9.50%.
Denistone is in the bottom 40% in NSW when comparing median price capital growth over the last year. Denistone gave property investors a disappointing capital gain figure when compared to the rest of the state, with 2.61%.
With the median price for a house in Denistone being $964500 and the advertised rent reaching $590 the gross rental yield for property investors calculates out to be 3.18%