NSW has seen average median house prices change by 6.38% which means that Telopea, 2117 has done well for property investors by showing a capital gain of 8.60% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Telopea comes in at number 67th in NSW.
Property investors looking for a bargain in Telopea should be aiming for at least -6.76% off the asking price, which is the average vendor discount being achieved at the moment.
At number 2241 in a list of fastest selling suburbs, Telopea is just in the bottom half of suburbs in Australia with an average of days on market 90.48 for properties listed there.
Telopea has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 0.00% to date .
Telopea,2117 was ranked 934 in Australia by increase in median property value over the quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.45% offered to property buyers. Sellers in Telopea itself are offering an average vendor discount of -5.51% to real estate investors.
Renters in Suburb are facing rents around $5640 per annum or $470 every week.