Over the last year, property investments in Hammondville, 2170 have given investors a capital gain of 4.89%. This compares badly with the 9.74% for NSW as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Hammondville has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Hammondville is offering property investors an average of -5.35. This rate of discount on properties puts Suburb at number 860th in terms of most discounted suburbs in NSW
With the median price for a house in Hammondville being $756250 and the advertised rent reaching $530 the gross rental yield for property investors calculates out to be 3.64%
If you compare the increase in value of investment property in Hammondville, 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 -1.55%.
Taking the average capital gain, or increase in median house value, Hammondville,2170 has racked up an average of -1.55% over the period. This ranks it number 207th in the whole country for real estate investors looking at median house price increases.
In the last year 11 properties changed hands in Hammondville, which puts it as the 572th most active market in NSW when comparing the number of sales per suburb.