North Rocks has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 12.11% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in North Rocks has increased when compared to the 5 year average annual rate.
North Rocks, 2151 is offering NSW ‘s 823th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this NSW.
A $600 per week rent on the median house gives suburb investors a gross yield of circa 2.47%, without taking into account capital value appreciation, which has been averaging out at 9.09%.
Over the last year, property investments in North Rocks, 2151 have given investors a capital gain of 12.75%. This compares favourably with the 7.74% for NSW as a whole.
While North Rocks,2151 ranked number 147th in NSW for increase in median house value (annualised) increase, it is ranked 158th over the last 5 years.
Using the current median advertised rental of $515 and the average annual increase in value of a median property of 6.98%, investors should hope to achieve an overall return of 3.19%