Seven Hills is an average performer in NSW when comparing median price capital growth over the last year. Seven Hills gave property investors a average capital gain figure when compared to the rest of the state, with 6.43%.
If we look at median property appreciation over just the last three months, Seven Hills has given property investors a paper return of 3.47%. This puts Suburb as 519 on a list of fastest fasting appreciating suburbs in NSW
At number 909th of NSW’s most discounted properties, Seven Hills is in the TOP 30% of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 21.08 sales per month, which equates to 253 per year.
Using the current median advertised rental of $450 and the average annual increase in value of a median property of 8.41%, investors should hope to achieve an overall return of 3.14%
Property investors who have had real estate in Seven Hills, 2147 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -0.46%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Seven Hills has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Seven Hills should be aiming for at least -1.46% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Seven Hills being $655500 and the advertised rent reaching $470 the gross rental yield for property investors calculates out to be 3.73%