With a capital gain of -0.42% for the last 12 months, North Rocks, 2151 has performed for property investments than its average annual 8.46% property growth over the last 5 years.
North Rocks,2151 was ranked 738 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -9.43% to buyers in North Rocks at the moment, which is less than average for the rest of NSW.
At number 758 in a list of fastest selling suburbs, North Rocks is in the TOP 20% of suburbs in Australia with an average of days on market 56.11 for properties listed there.
Advertised rents are around the $600 mark per week – giving a return of 2.66% based on the median price in Suburb
Investment property in North Rocks has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 20.15%
Across a shorter period, North Rocks, 2151 has seen a median price increase of 3.94% over the last quarter.
Our latest figures would indicate that property sellers in North Rocks are currently offering property investors an average price cut of -4.71% below the asking price at the moment.
A $510 per week rent on the median house gives suburb investors a gross yield of circa 3.29%, without taking into account capital value appreciation, which has been averaging out at 6.44%.