Investment property in Summer Hill has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.07%
While Summer Hill,2130 ranked number 1105th in NSW for increase in median house value (annualised) increase, it is ranked 383th over the last 5 years.
Property investors looking for a bargain in Summer Hill should be aiming for at least -4.72% off the asking price, which is the average vendor discount being achieved at the moment.
Situated 7.02km from the CBD, Summer Hill is one of Ashfield localities in the postcode 2130.
Summer Hill is in the bottom 20% in NSW when comparing median price capital growth over the last year. Summer Hill gave property investors a dismal capital gain figure when compared to the rest of the state, with 0.36%.
A 39.50% growth in median value for property investors in Summer Hill,2130 puts this suburb at number 151th in terms of best performing suburbs in NSW
Summer Hill2130 is located in NSW which offers an average discount of -4.45% to property investors. Summer Hill itself is showing figures that indicate -2.69% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 6.67 sales per month, which equates to 80 per year.
With the median price for a house in Summer Hill being $697500 and the advertised rent reaching $470 the gross rental yield for property investors calculates out to be 3.50%