With a capital gain of 5.32% for the last 12 months, Smithfield, 2164 has performed for property investments than its average annual 7.35% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Smithfield,2164 has racked up an average of 5.32% over the period. This ranks it number 378th 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 -5.52% offered to property buyers. Sellers in Smithfield itself are offering an average vendor discount of -9.05% to real estate investors.
Advertised rents are around the $440 mark per week – giving a return of 3.45% based on the median price in Suburb
Smithfield is in the bottom 10% in NSW when comparing median price capital growth over the last year. Smithfield gave property investors a dismal capital gain figure when compared to the rest of the state, with -17.09%.
When looking at the potential capital gains offered to property investors over the last 3 years, Smithfield comes in at number 438th in NSW.
In the last year 13 properties changed hands in Smithfield, which puts it as the 522th most active market in NSW when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $5280 per annum or $440 every week.