With a capital gain of 2.60% for the last 12 months, Punchbowl, 2196 has performed for property investments than its average annual 8.95% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Punchbowl,2196 has racked up an average of 2.60% over the period. This ranks it number 1275th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Punchbowl 2196 should be seeing an average reduction in asking price of around -4.39% . This means that Punchbowl is holding prices well when compared to other suburbs in NSW.
In the last year 162 properties changed hands in Punchbowl, which puts it as the 114th most active market in NSW when comparing the number of sales per suburb.
Advertised rents are around the $550 mark per week – giving a return of 3.22% based on the median price in Suburb
Giving property investors a an unimpressive capital gain of 1.22% for the last year, Punchbowl, 2196 is the 1062th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Punchbowl has given property investors a paper return of -2.91%. This puts Suburb as 514 on a list of fastest fasting appreciating suburbs in NSW
Our latest figures would indicate that property sellers in Punchbowl are currently offering property investors an average price cut of -5.43% below the asking price at the moment.
Using the current median advertised rental of $400 and the average annual increase in value of a median property of 8.72%, investors should hope to achieve an overall return of 4.37%