Property value increases in Telopea have tracked higher than the NSW average of 8.99% over the last 12 months.
Across a shorter period, Telopea, 2117 has seen a median price increase of -3.33% over the last quarter.
Property buyers and investors in Telopea 2117 should be seeing an average reduction in asking price of around -6.93% . This means that Telopea is holding prices well when compared to other suburbs in NSW.
Often selling an investment property can take time, and in Telopea the average time real estate has been on the market is 76.45 days.
With the median price for a house in Telopea being $1160000 and the advertised rent reaching $520 the gross rental yield for property investors calculates out to be 2.33%
With a capital gain of 0.80% for the last 12 months, Telopea, 2117 has performed for property investments than its average annual 6.63% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Telopea has given property investors a paper return of 0.00%. This puts Suburb as 280 on a list of fastest fasting appreciating suburbs in NSW
LACK OF BUYER INTEREST may well be the reason that Telopea is offering property investors an average of -4.45. This rate of discount on properties puts Suburb at number 234th in terms of most discounted suburbs in NSW
Using the current median advertised rental of $480 and the average annual increase in value of a median property of 6.63%, investors should hope to achieve an overall return of 3.96%