Cabramatta has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -7.51% to date .
While Cabramatta,2166 ranked number 466th in NSW for increase in median house value (annualised) increase, it is ranked 517th over the last 5 years.
Property buyers and investors in Cabramatta 2166 should be seeing an average reduction in asking price of around -6.23% . This means that Cabramatta is holding prices well when compared to other suburbs in NSW.
Advertised rents are around the $420 mark per week – giving a return of 2.73% based on the median price in Suburb
Property value increases in Cabramatta have tracked just lower than the NSW average of 6.07% over the last 12 months.
The five-year average increase in median property values for Cabramatta,2166 has given property investors a potential capital gain of 60.00% across each of those five years.
Our latest figures would indicate that property sellers in Cabramatta are currently offering property investors an average price cut of -7.45% below the asking price at the moment.
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.”