Property investors who have had real estate in Cabramatta, 2166 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -12.21%
A 53.30% growth in median value for property investors in Cabramatta,2166 puts this suburb at number 1276th in terms of best performing suburbs in NSW
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.49% offered to property buyers. Sellers in Cabramatta itself are offering an average vendor discount of -7.88% to real estate investors.
On average over the past year, suburb has had 5.83 sales per month, which equates to 70 per year.
Situated 25.51km from the CBD, Cabramatta is one of Fairfield localities in the postcode 2166.
Cabramatta is an average performer in NSW when comparing median price capital growth over the last year. Cabramatta gave property investors a average capital gain figure when compared to the rest of the state, with 3.61%.
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.
Cabramatta, 2166 is offering NSW ‘s 11th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this NSW.
Often selling an investment property can take time, and in Cabramatta the average time real estate has been on the market is 104.65 days.
Cabramatta, 2166’s gross rental yield is 3.99%
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.”