If you compare the increase in value of investment property in Toongabbie, 2146 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was 0.37%.
Comparing Toongabbie,2146 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
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 Toongabbie, 2146. Typically our figures indicate that -5.27% is being offered, which puts this NSW suburb at 2381th most discounted overall in Australia.
In the last year 144 properties changed hands in Toongabbie, which puts it as the 134th most active market in NSW when comparing the number of sales per suburb.
Toongabbie, 2146’s gross rental yield is 2.87%
Investment property in Toongabbie has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -10.05%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Toongabbie has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Toongabbie should be aiming for at least -5.50% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Toongabbie have been waiting around 64.56 days to sell a property.
Using the current median advertised rental of $430 and the average annual increase in value of a median property of 5.97%, investors should hope to achieve an overall return of 4.50%