Prestons has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 6.77% to date .
While Prestons,2170 ranked number 826th in NSW for increase in median house value (annualised) increase, it is ranked 567th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Prestons is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 443th in terms of most discounted suburbs in NSW
Situated 32.84km from the CBD, Prestons is one of Liverpool localities in the postcode 2170.
Property value increases in Prestons have tracked just higher than the NSW average of 5.88% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Prestons comes in at number 76th in NSW.
A $480 per week rent on the median house gives suburb investors a gross yield of circa 4.54%, without taking into account capital value appreciation, which has been averaging out at 6.66%.