At number 1140th in the list of Australian suburbs ordered by increase in median house value over the last year, Georges Hall, 2198 is in the top 30% with a property value increase of 10.69% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Georges Hall has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Georges Hall is offering property investors an average of -5.52. This rate of discount on properties puts Suburb at number 279th in terms of most discounted suburbs in NSW
In the last year 120 properties changed hands in Georges Hall, which puts it as the 193th most active market in NSW when comparing the number of sales per suburb.
With the median price for a house in Georges Hall being $880000 and the advertised rent reaching $530 the gross rental yield for property investors calculates out to be 3.13%
At number 997th in the list of Australian suburbs ordered by increase in median house value over the last year, Georges Hall, 2198 is in the BOTTOM 50% with a property value increase of 2.11% recorded in median house prices.
A 65.75% growth in median value for property investors in Georges Hall,2198 puts this suburb at number 189th in terms of best performing suburbs in NSW
The most recent median price for Georges Hall is $605000, with sellers offering an average of -4.46% off the asking price.
Situated 20.70km from the CBD, Georges Hall is one of Bankstown localities in the postcode 2198.