NSW has seen average median house prices change by 11.06% which means that Summer Hill, 2130 has done well for property investors by showing a capital gain of 16.57% over the last year
Taking the average capital gain, or increase in median house value, Summer Hill,2130 has racked up an average of 16.57% over the period. This ranks it number 537th in the whole country for real estate investors looking at median house price increases.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.22% offered to property buyers. Sellers in Summer Hill itself are offering an average vendor discount of -10.44% to real estate investors.
The NSW suburb of Summer Hill, 2130 is in the Ashfield local government area.
With a capital gain of 13.87% for the last 12 months, Summer Hill, 2130 has performed for property investments than its average annual 8.96% property growth over the last 5 years.
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.
The most recent median price for Summer Hill is $780000, with sellers offering an average of -2.79% off the asking price.
Advertised rents are around the $490 mark per week – giving a return of 3.27% based on the median price in Suburb