Investment property in Casula 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 7.38%
When looking at the potential capital gains offered to property investors over the last 3 years, Casula comes in at number 498th in NSW.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.22% offered to property buyers. Sellers in Casula itself are offering an average vendor discount of -6.67% to real estate investors.
A $500 per week rent on the median house gives suburb investors a gross yield of circa 3.25%, without taking into account capital value appreciation, which has been averaging out at 7.68%.
Casula, 2170 ranked 235th in NSW when comparing growth in median property values or capital gain over the last 12 months. Casula is one of 3163 in our list for NSW
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Casula has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Casula is offering property investors an average of -4.13. This rate of discount on properties puts Suburb at number 71th in terms of most discounted suburbs in NSW
Advertised rents are around the $460 mark per week – giving a return of 4.02% based on the median price in Suburb