Property value increases in Ashfield have tracked lower than the NSW average of 7.28% over the last 12 months.
Taking the average capital gain, or increase in median house value, Ashfield,2131 has racked up an average of -2.11% over the period. This ranks it number 383th in the whole country for real estate investors looking at median house price increases.
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 Ashfield, 2131. Typically our figures indicate that -5.84% is being offered, which puts this NSW suburb at 1961th most discounted overall in Australia.
Often selling an investment property can take time, and in Ashfield the average time real estate has been on the market is 83.74 days.
A $650 per week rent on the median house gives suburb investors a gross yield of circa 2.28%, without taking into account capital value appreciation, which has been averaging out at 9.82%.
Over the last year, property investments in Ashfield, 2131 have given investors a capital gain of -6.25%. This compares very badly with the 5.73% for NSW as a whole.
If we look at median property appreciation over just the last three months, Ashfield has given property investors a paper return of -0.15%. This puts Suburb as 398 on a list of fastest fasting appreciating suburbs in NSW
Property investors looking for a bargain in Ashfield should be aiming for at least -4.98% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Ashfield the average time real estate has been on the market is 70.92 days.
Renters in Suburb are facing rents around $5760 per annum or $480 every week.