Carramar has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 14.66% to date .
Carramar,2163 has offered an average of 14.66% return per annum in house price rises to property investors over the last three years.
On average over the past year, suburb has had 1.25 sales per month, which equates to 15 per year.
If you compare the increase in value of investment property in Carramar, 2163 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 22.58%.
Taking the average capital gain, or increase in median house value, Carramar,2163 has racked up an average of 22.58% over the period. This ranks it number 19th in the whole country for real estate investors looking at median house price increases.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.45% offered to property buyers. Sellers in Carramar itself are offering an average vendor discount of -6.04% to real estate investors.
Using the current median advertised rental of $310 and the average annual increase in value of a median property of 9.25%, investors should hope to achieve an overall return of 4.24%