Investment property in Telopea has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.83%
Across a shorter period, Telopea, 2117 has seen a median price increase of 4.53% over the last quarter.
Property investors looking for a bargain in Telopea should be aiming for at least -10.01% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $545 and the average annual increase in value of a median property of 9.91%, investors should hope to achieve an overall return of 2.23%
Telopea is in the bottom 40% in NSW when comparing median price capital growth over the last year. Telopea gave property investors a disappointing capital gain figure when compared to the rest of the state, with 3.81%.
Across a shorter period, Telopea, 2117 has seen a median price increase of 2.99% over the last quarter.
Property buyers and investors in Telopea 2117 should be seeing an average reduction in asking price of around -3.57% . This means that Telopea is holding prices well when compared to other suburbs in NSW.
The NSW suburb of Telopea, 2117 is in the Parramatta local government area.