Mays Hill has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -18.44% to date .
Across a shorter period, Mays Hill, 2145 has seen a median price increase of 2.22% over the last quarter.
Renters in Suburb are facing rents around $5640 per annum or $470 every week.
Mays Hill is in the bottom 10% in NSW when comparing median price capital growth over the last year. Mays Hill gave property investors a dismal capital gain figure when compared to the rest of the state, with -4.84%.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.41% offered to property buyers. Sellers in Mays Hill itself are offering an average vendor discount of -4.71% to real estate investors.
On average over the past year, suburb has had 3.08 sales per month, which equates to 37 per year.
Using the current median advertised rental of $480 and the average annual increase in value of a median property of 2.94%, investors should hope to achieve an overall return of 4.23%