If you compare the increase in value of investment property in Smithfield, 2164 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 10.78%.
The five-year average increase in median property values for Smithfield,2164 has given property investors a potential capital gain of 83.75% across each of those five years.
At number 508th of NSW’s most discounted properties, Smithfield is in the middle of the state/territory when listing in order of most discounted to least.
Using the current median advertised rental of $450 and the average annual increase in value of a median property of 8.66%, investors should hope to achieve an overall return of 3.18%
NSW has seen average median house prices change by 6.07% which means that Smithfield, 2164 has done well for property investors by showing a capital gain of 26.61% over the last year
If we look at median property appreciation over just the last three months, Smithfield has given property investors a paper return of 7.13%. This puts Suburb as 65 on a list of fastest fasting appreciating suburbs in NSW
Using the current median advertised rental of $420 and the average annual increase in value of a median property of 6.46%, investors should hope to achieve an overall return of 3.92%