Giving property investors a a stable capital gain of 8.65% for the last year, Prestons, 2170 is the 1204th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Prestons has given property investors a paper return of 0.14%. This puts Suburb as 925 on a list of fastest fasting appreciating suburbs in NSW
Sellers are offering property buyers an average discount of -5.37% to buyers in Prestons at the moment, which is less than average for the rest of NSW.
On average over the past year, suburb has had 14.92 sales per month, which equates to 179 per year.
A $540 per week rent on the median house gives suburb investors a gross yield of circa 3.84%, without taking into account capital value appreciation, which has been averaging out at 5.86%.
If you compare the increase in value of investment property in Prestons, 2170 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 13.07%.
While Prestons,2170 ranked number 176th in NSW for increase in median house value (annualised) increase, it is ranked 187th over the last 5 years.
The most recent median price for Prestons is $545000, with sellers offering an average of -5.53% off the asking price.
In the last year 16 properties changed hands in Prestons, which puts it as the 494th most active market in NSW when comparing the number of sales per suburb.
With the median price for a house in Prestons being $545000 and the advertised rent reaching $485 the gross rental yield for property investors calculates out to be 4.63%