Property value increases in Carramar have tracked close to the NSW average of 9.74% over the last 12 months.
Comparing Carramar,2163 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Carramar should be aiming for at least -7.75% off the asking price, which is the average vendor discount being achieved at the moment.
Situated 21.61km from the CBD, Carramar is one of Fairfield localities in the postcode 2163.
Carramar is in the bottom 30% in NSW when comparing median price capital growth over the last year. Carramar gave property investors a disappointing capital gain figure when compared to the rest of the state, with -0.54%.
While Carramar,2163 ranked number 318th in NSW for increase in median house value (annualised) increase, it is ranked 154th over the last 5 years.
Sellers are offering property buyers an average discount of -4.98% to buyers in Carramar at the moment, which is less than average for the rest of NSW.
With the median price for a house in Carramar being $365000 and the advertised rent reaching $320 the gross rental yield for property investors calculates out to be 4.56%