Over the last year, property investments in Casula, 2170 have given investors a capital gain of 8.11%. This compares badly with the 10.55% for NSW as a whole.
Over the longer term, Casula has seen property prices show investors a 48.15% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Casula are currently offering property investors an average price cut of -6.17% below the asking price at the moment.
In the last year 177 properties changed hands in Casula, which puts it as the 88th most active market in NSW when comparing the number of sales per suburb.
With the median price for a house in Casula being $800000 and the advertised rent reaching $500 the gross rental yield for property investors calculates out to be 3.25%
Property investors who have had real estate in Casula, 2170 should be ok with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 4.55%
While Casula,2170 ranked number 129th in NSW for increase in median house value (annualised) increase, it is ranked 141th over the last 5 years.
Sellers are offering property buyers an average discount of -5.20% to buyers in Casula at the moment, which is less than average for the rest of NSW.
On average over the past year, suburb has had 4.58 sales per month, which equates to 55 per year.
Using the current median advertised rental of $450 and the average annual increase in value of a median property of 6.52%, investors should hope to achieve an overall return of 4.07%