Giving property investors a an average capital gain of 5.13% for the last year, Cabramatta, 2166 is the 2107th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Cabramatta has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Cabramatta are currently offering property investors an average price cut of -11.42% below the asking price at the moment.
On average over the past year, suburb has had 5.33 sales per month, which equates to 64 per year.
Situated 25.62km from the CBD, Cabramatta is one of Fairfield localities in the postcode 2166.
NSW has seen average median house prices change by 8.14% which means that Cabramatta, 2166 has done well for property investors by showing a capital gain of 5.00% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Cabramatta comes in at number 77th in NSW.
Cabramatta2166 is located in NSW which offers an average discount of -4.45% to property investors. Cabramatta itself is showing figures that indicate -6.93% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 13.25 sales per month, which equates to 159 per year.
Property investors should expect to get $330 weekly from the median priced house in this suburb.
South-west Sydney suburb Cabramatta is situated 25km from the Sydney CBD and sandwiched between the suburbs of Fairfield and Liverpool. There are direct rail links to both the Sydney CBD and Parramatta, and the suburb also provides easy access to the Hume Highway.Full summary
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South-west Sydney suburb Cabramatta is situated 25km from the Sydney CBD and sandwiched between the suburbs of Fairfield and Liverpool. There are direct rail links to both the Sydney CBD and Parramatta, and the suburb also provides easy access to the Hume Highway.
Cabramatta's median unit price compares well with neighbouring suburbs, such as northern neighbour Canley Vale and Fairfield.
It’s known primarily as Sydney’s ‘Little Asia’, with ABS figures estimating that around 60% of residents were born overseas, half of those from Asia. One of the key drivers for the area is its fast-growing population: the ABS estimates the population for the wider Fairfield area increased by around 6,000 people between 2005 and 2009.
It’s been one of the best performers in Sydney in recent months – increasing in value by 15% over the last year – and that’s all down to homebuyers’ quests for affordable properties within the city limits. However, even investors with the loosest knowledge of Sydney are likely to be aware that these suburbs don’t have the best of reputations. Residex CEO John Edwards argues that it’s more important than ever to do your due diligence before buying.
“Well-located units will be the ones that do well, and you should be careful to size up the surrounding units to ensure that you’re in better parts of the suburb,” he says. “However, if you get it right there’s potential for good outcomes as these areas benefit from the ripple effect.”