Summer Hill, 2130 ranked 971th in NSW when comparing growth in median property values or capital gain over the last 12 months. Summer Hill is one of 3163 in our list for NSW
While Summer Hill,2130 ranked number 139th in NSW for increase in median house value (annualised) increase, it is ranked 539th over the last 5 years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Summer Hill, 2130. Typically our figures indicate that -5.90% is being offered, which puts this NSW suburb at 1812th most discounted overall in Australia.
Summer Hill, 2130 ranked 213th in NSW when comparing growth in median property values or capital gain over the last 12 months. Summer Hill is one of 3163 in our list for NSW
If we look at median property appreciation over just the last three months, Summer Hill has given property investors a paper return of 0.27%. This puts Suburb as 376 on a list of fastest fasting appreciating suburbs in NSW
Property investors looking for a bargain in Summer Hill should be aiming for at least -4.16% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 6.33 sales per month, which equates to 76 per year.
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 8.02%.