Investment property in Canley Vale 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 4.49%
While Canley Vale,2166 ranked number 1109th in NSW for increase in median house value (annualised) increase, it is ranked 457th over the last 5 years.
Our latest figures would indicate that property sellers in Canley Vale are currently offering property investors an average price cut of -3.98% below the asking price at the moment.
Residents and property investors in Canley Vale have been waiting around 96.87 days to sell a property.
Advertised rents are around the $450 mark per week – giving a return of 2.87% based on the median price in Suburb
Canley Vale has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 12.57% to date .
If we look at median property appreciation over just the last three months, Canley Vale has given property investors a paper return of 6.42%. This puts Suburb as 80 on a list of fastest fasting appreciating suburbs in NSW
At number 37th of NSW’s most discounted properties, Canley Vale is in the bottom 10% of the state/territory when listing in order of most discounted to least.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.12%, without taking into account capital value appreciation, which has been averaging out at 8.94%.