Prestons has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 11.45% to date .
If we look at median property appreciation over just the last three months, Prestons has given property investors a paper return of 1.39%. This puts Suburb as 605 on a list of fastest fasting appreciating suburbs in NSW
LACK OF BUYER INTEREST may well be the reason that Prestons is offering property investors an average of -5.53. This rate of discount on properties puts Suburb at number 646th in terms of most discounted suburbs in NSW
Property investors who have had real estate in Prestons, 2170 should be relatively pleased 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 9.09%
The five-year average increase in median property values for Prestons,2170 has given property investors a potential capital gain of 49.65% across each of those five years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.48% offered to property buyers. Sellers in Prestons itself are offering an average vendor discount of -4.12% to real estate investors.