Property investors who have had real estate in Arncliffe, 2205 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 6.51%
A 79.96% growth in median value for property investors in Arncliffe,2205 puts this suburb at number 1165th in terms of best performing suburbs in NSW
Property buyers and investors in Arncliffe 2205 should be seeing an average reduction in asking price of around -9.63% . This means that Arncliffe is holding prices well when compared to other suburbs in NSW.
Residents and property investors in Arncliffe have been waiting around 86.75 days to sell a property.
Advertised rents are around the $620 mark per week – giving a return of 2.82% based on the median price in Suburb
NSW has seen average median house prices change by 6.59% which means that Arncliffe, 2205 has done well for property investors by showing a capital gain of 10.16% over the last year
Comparing Arncliffe,2205 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that Arncliffe is offering property investors an average of -4.48. This rate of discount on properties puts Suburb at number 191th in terms of most discounted suburbs in NSW
Using the current median advertised rental of $570 and the average annual increase in value of a median property of 9.60%, investors should hope to achieve an overall return of 4.20%
Arncliffe is 9km southwest of the Sydney CBD, and offers a relatively affordable housing market within easy reach of the CBD. Full summary
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Arncliffe is 9km southwest of the Sydney CBD, and offers a relatively affordable housing market within easy reach of the CBD.
It's is a mostly residential area with a mix of houses, townhouses and units. There are a sizeable number of Federation and Victorian homes, many of which offer renovation potential. Also in Arncliffe's favour is its general affordability: the median house price in the suburb is cheaper than Banksia and Rockdale. Indeed, a number of locals have no hesitation in calling Arncliffe a hidden gem.
It's a multicultural suburb, with a significant Middle Eastern influence. Weekly incomes are around average for NSW, with a diverse population of both white-collar and blue-collar workers. While there are some students, it's very much a family suburb.
Accessibility is excellent: the CBD is a 20-minute journey via direct train, and can also be reached by road via Southern Cross Drive or through Newtown. Connections to the inner west are also excellent, and the airport is minutes away – although locals report little aircraft noise. The suburb is also within easy reach of beaches at Brighton-Le-Sands.
Arncliffe's main shopping centre lies around Firth Street and Belmore Street, and extends part of the way along Forest Road. There are a wide range of eateries, many Middle Eastern, as well as supermarkets and cafes. Further retail amenities are in nearby Rockdale. There are several schools in the suburb, with the nearest hospital in Kogarah. Arncliffe also borders the prized Wolli Creek remnant bushland.
Arncliffe’s relative affordability in relation to its neighbours and suburbs closer to the CBD should fuel growth in the suburb. Favourite streets with locals include Broe Avenue, opposite Arncliffe Park, and Tantallon Avenue which features a number of heritage properties and provides views of Botany Bay from the south side of the street.