Property value increases in Cabramatta have tracked lower than the NSW average of 7.15% over the last 12 months.
Cabramatta,2166 was ranked 3921 in Australia by increase in median property value over the quarter.
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 -8.54% is being offered, which puts this NSW suburb at 644th most discounted overall in Australia.
Using the current median advertised rental of $415 and the average annual increase in value of a median property of 9.31%, investors should hope to achieve an overall return of 2.73%
At number 872th in the list of Australian suburbs ordered by increase in median house value over the last year, Cabramatta, 2166 is in the BOTTOM 50% with a property value increase of 2.94% recorded in median house prices.
Cabramatta,2166 has offered an average of 2.94% return per annum in house price rises to property investors over the last three years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.48% offered to property buyers. Sellers in Cabramatta itself are offering an average vendor discount of -7.41% to real estate investors.
Residents and property investors in Cabramatta have been waiting around 98.6 days to sell a property.
Renters in Suburb are facing rents around $3960 per annum or $330 every week.
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.”