NSW has seen average median house prices change by 9.05% which means that Seven Hills, 2147 has done well for property investors by showing a capital gain of 5.82% over the last year
If we look at median property appreciation over just the last three months, Seven Hills has given property investors a paper return of 2.90%. This puts Suburb as 698 on a list of fastest fasting appreciating suburbs in NSW
Property investors looking for a bargain in Seven Hills should be aiming for at least -3.99% off the asking price, which is the average vendor discount being achieved at the moment.
A $450 per week rent on the median house gives suburb investors a gross yield of circa 3.14%, without taking into account capital value appreciation, which has been averaging out at 8.44%.
Over the last year, property investments in Seven Hills, 2147 have given investors a capital gain of -2.70%. This compares very badly with the 6.22% for NSW as a whole.
Seven Hills,2147 has offered an average of -2.70% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Seven Hills is offering property investors an average of -4.26. This rate of discount on properties puts Suburb at number 451th in terms of most discounted suburbs in NSW
Often selling an investment property can take time, and in Seven Hills the average time real estate has been on the market is 37.86 days.