Cabramatta has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 4.49% to date .
The five-year average increase in median property values for Cabramatta,2166 has given property investors a potential capital gain of 69.79% across each of those five years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Cabramatta, 2166. Typically our figures indicate that -10.66% is being offered, which puts this NSW suburb at 282th most discounted overall in Australia.
Property investors should expect to get $427.5 weekly from the median priced house in this suburb.
If you compare the increase in value of investment property in Cabramatta, 2166 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 5.72%.
Cabramatta,2166 was ranked 1284 in Australia by increase in median property value over the quarter.
At number 24th 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.
At number 992 in a list of fastest selling suburbs, Cabramatta is in the bottom 40% of suburbs in Australia with an average of days on market 90.15 for properties listed there.
Situated 23.54km from the CBD, Cabramatta is one of Fairfield localities in the postcode 2166.
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.”