Property value increases in Summer Hill have tracked lower than the NSW average of 7.47% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Summer Hill comes in at number 700th in NSW.
Summer Hill, 2130 is offering NSW ‘s 770th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this NSW.
In the last year 44 properties changed hands in Summer Hill, which puts it as the 723th most active market in NSW when comparing the number of sales per suburb.
Property investors who have had real estate in Summer Hill, 2130 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 2.08%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Summer Hill has increased when compared to the 5 year average annual rate.
Vendor discounting in Summer Hill is giving property investors an average Vendor Discount of around -4.01%. This puts suburb at number 259th in NSW when ranking the most discounted suburbs.
Residents and property investors in Summer Hill have been waiting around 53.68 days to sell a property.
A $480 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 8.14%.