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 13.04%
When looking at the potential capital gains offered to property investors over the last 3 years, Arncliffe comes in at number 483th in NSW.
Property investors looking for a bargain in Arncliffe should be aiming for at least -3.43% off the asking price, which is the average vendor discount being achieved at the moment.
The NSW suburb of Arncliffe, 2205 is in the Rockdale local government area.
Giving property investors a an average capital gain of 3.69% for the last year, Arncliffe, 2205 is the 894th highest performer in Australia in this respect.
While Arncliffe,2205 ranked number 275th in NSW for increase in median house value (annualised) increase, it is ranked 405th over the last 5 years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Arncliffe, 2205. Typically our figures indicate that -3.31% is being offered, which puts this NSW suburb at 1201th most discounted overall in Australia.
At number 565 in a list of fastest selling suburbs, Arncliffe is in the TOP 40% of suburbs in Australia with an average of days on market 64.16 for properties listed there.
Renters in Suburb are facing rents around $7080 per annum or $590 every week.
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.