Property value increases in Smithfield have tracked close to the NSW average of 10.13% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Smithfield comes in at number 337th in NSW.
Property buyers and investors in Smithfield 2164 should be seeing an average reduction in asking price of around -4.10% . This means that Smithfield is holding prices well when compared to other suburbs in NSW.
Often selling an investment property can take time, and in Smithfield the average time real estate has been on the market is 87.01 days.
Advertised rents are around the $460 mark per week – giving a return of 3.19% based on the median price in Suburb
Over the last year, property investments in Smithfield, 2164 have given investors a capital gain of 26.30%. This compares very favourably with the 7.74% for NSW as a whole.
Taking the average capital gain, or increase in median house value, Smithfield,2164 has racked up an average of 26.30% over the period. This ranks it number 125th in the whole country for real estate investors looking at median house price increases.
Renters in Suburb are facing rents around $5520 per annum or $460 every week.