Property value increases in Summer Hill have tracked just higher than the NSW average of 10.13% over the last 12 months.
If we look at median property appreciation over just the last three months, Summer Hill has given property investors a paper return of 12.98%. This puts Suburb as 58 on a list of fastest fasting appreciating suburbs in NSW
A $727.5 per week rent on the median house gives suburb investors a gross yield of circa 2.23%, without taking into account capital value appreciation, which has been averaging out at 9.19%.
Summer Hill is an average performer in NSW when comparing median price capital growth over the last year. Summer Hill gave property investors a good capital gain figure when compared to the rest of the state, with 10.80%.
While Summer Hill,2130 ranked number 199th in NSW for increase in median house value (annualised) increase, it is ranked 319th over the last 5 years.
Sellers are offering property buyers an average discount of -3.49% to buyers in Summer Hill at the moment, which is less than average for the rest of NSW.
Often selling an investment property can take time, and in Summer Hill the average time real estate has been on the market is 60 days.
Property investors should expect to get $480 weekly from the median priced house in this suburb.