Campsie has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -6.87% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Campsie has increased when compared to the 5 year average annual rate.
At number 55th of NSW’s most discounted properties, Campsie is in the bottom 10% of the state/territory when listing in order of most discounted to least.
Using the current median advertised rental of $550 and the average annual increase in value of a median property of 10.57%, investors should hope to achieve an overall return of 2.37%
NSW has seen average median house prices change by 5.73% which means that Campsie, 2194 has done well for property investors by showing a capital gain of -2.70% over the last year
Over the longer term, Campsie has seen property prices show investors a 15.95% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -5.46% to buyers in Campsie at the moment, which is less than average for the rest of NSW.
On average over the past year, suburb has had 24.42 sales per month, which equates to 293 per year.
Convenient and affordable are just two words to describe Sydney’s south-western suburb of Campsie.Full summary
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Convenient and affordable are just two words to describe Sydney’s south-western suburb of Campsie.Close
For these reasons, the area is becoming more popular with young professionals and established couples.
Located just 13km from the CBD, Campsie is moving at a healthy rate.
Excellent public transport infrastructure is in place, with the Campsie train station at the suburb’s heart, multiple bus routes throughout, and the M5 East Freeway a few minutes south.
A drive to the airport will take as little as 20 minutes.
The main shopping areas sit on Amy Street and Beamish Street, with a range of supermarkets, cafés, specialty stores and a library.
One of Sydney’s major medical centres, Canterbury Hospital, is situated in the south of the suburb.
With the median unit price surging by 29% to $516,000 over the past three years, Campsie is definitely one to watch