At number 3396th in the list of Australian suburbs ordered by increase in median house value over the last year, Summer Hill, 2130 is in the BOTTOM 20% with a property value increase of -4.25% recorded in median house prices.
Across a shorter period, Summer Hill, 2130 has seen a median price increase of -1.63% over the last quarter.
Property investors looking for a bargain in Summer Hill should be aiming for at least -4.60% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $700 and the average annual increase in value of a median property of 8.24%, investors should hope to achieve an overall return of 2.53%
Summer Hill is in the bottom 30% in NSW when comparing median price capital growth over the last year. Summer Hill gave property investors a disappointing capital gain figure when compared to the rest of the state, with -0.70%.
Over the longer term, Summer Hill has seen property prices show investors a 22.08% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for Summer Hill is $705000, with sellers offering an average of -3.54% off the asking price.
Often selling an investment property can take time, and in Summer Hill the average time real estate has been on the market is 52.51 days.