Investment property in Chester Hill has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.79%
The five-year average increase in median property values for Chester Hill,2162 has given property investors a potential capital gain of 79.33% across each of those five years.
Chester Hill, 2162 is offering NSW ‘s 539th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this NSW.
At number 2072 in a list of fastest selling suburbs, Chester Hill is just in the bottom half of suburbs in Australia with an average of days on market 84.34 for properties listed there.
With the median price for a house in Chester Hill being $820000 and the advertised rent reaching $500 the gross rental yield for property investors calculates out to be 3.17%
Over the last year, property investments in Chester Hill, 2162 have given investors a capital gain of -0.74%. This compares badly with the 6.07% for NSW as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Chester Hill has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Chester Hill should be aiming for at least -4.47% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 2.83 sales per month, which equates to 34 per year.
Situated 13.16km from the CBD, Chester Hill is one of Bankstown localities in the postcode 2162.