If you compare the increase in value of investment property in Chipping Norton, 2170 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was 1.99%.
While Chipping Norton,2170 ranked number 737th in NSW for increase in median house value (annualised) increase, it is ranked 453th over the last 5 years.
Our latest figures would indicate that property sellers in Chipping Norton are currently offering property investors an average price cut of -6.30% below the asking price at the moment.
In the last year 104 properties changed hands in Chipping Norton, which puts it as the 259th most active market in NSW when comparing the number of sales per suburb.
The NSW suburb of Chipping Norton, 2170 is in the Liverpool local government area.
Property investors who have had real estate in Chipping Norton, 2170 should be relatively 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 -0.48%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Chipping Norton has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Chipping Norton is offering property investors an average of -4.45. This rate of discount on properties puts Suburb at number 231th in terms of most discounted suburbs in NSW
Renters in Suburb are facing rents around $5160 per annum or $430 every week.