Cabramatta is in the bottom 30% in NSW when comparing median price capital growth over the last year. Cabramatta gave property investors a disappointing capital gain figure when compared to the rest of the state, with 6.24%.
While Cabramatta,2166 ranked number 151th in NSW for increase in median house value (annualised) increase, it is ranked 305th over the last 5 years.
Property buyers and investors in Cabramatta 2166 should be seeing an average reduction in asking price of around -6.06% . This means that Cabramatta is holding prices well when compared to other suburbs in NSW.
On average over the past year, suburb has had 6.67 sales per month, which equates to 80 per year.
Using the current median advertised rental of $430 and the average annual increase in value of a median property of 9.52%, investors should hope to achieve an overall return of 2.60%
Investment property in Cabramatta has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.84%
When looking at the potential capital gains offered to property investors over the last 3 years, Cabramatta comes in at number 217th in NSW.
At number 22th of NSW’s most discounted properties, Cabramatta is in the bottom 10% of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 13.83 sales per month, which equates to 166 per year.
A $340 per week rent on the median house gives suburb investors a gross yield of circa 4.07%, without taking into account capital value appreciation, which has been averaging out at 9.90%.
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.”