At number 1796th in the list of Australian suburbs ordered by increase in median house value over the last year, Arncliffe, 2205 is in the top half with a property value increase of 6.55% recorded in median house prices.
The five-year average increase in median property values for Arncliffe,2205 has given property investors a potential capital gain of 84.33% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Arncliffe is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 258th in terms of most discounted suburbs in NSW
Property investors should expect to get $650 weekly from the median priced house in this suburb.
With a capital gain of 1.79% for the last 12 months, Arncliffe, 2205 has performed for property investments than its average annual 9.77% property growth over the last 5 years.
While Arncliffe,2205 ranked number 329th in NSW for increase in median house value (annualised) increase, it is ranked 377th over the last 5 years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.33% offered to property buyers. Sellers in Arncliffe itself are offering an average vendor discount of -3.62% to real estate investors.
In the last year 99 properties changed hands in Arncliffe, which puts it as the 156th most active market in NSW when comparing the number of sales per suburb.
A $585 per week rent on the median house gives suburb investors a gross yield of circa 4.27%, without taking into account capital value appreciation, which has been averaging out at 9.77%.
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.