Arncliffe is an average performer in NSW when comparing median price capital growth over the last year. Arncliffe gave property investors a good capital gain figure when compared to the rest of the state, with 13.04%.
Across a shorter period, Arncliffe, 2205 has seen a median price increase of 6.69% over the last quarter.
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 -3.43% is being offered, which puts this NSW suburb at 3353th most discounted overall in Australia.
At number 438 in a list of fastest selling suburbs, Arncliffe is in the TOP 20% of suburbs in Australia with an average of days on market 43.75 for properties listed there.
Over the last year, property investments in Arncliffe, 2205 have given investors a capital gain of 1.41%. This compares badly with the 7.74% for NSW as a whole.
If we look at median property appreciation over just the last three months, Arncliffe has given property investors a paper return of 1.05%. This puts Suburb as 324 on a list of fastest fasting appreciating suburbs in NSW
Arncliffe2205 is located in NSW which offers an average discount of -4.16% to property investors. Arncliffe itself is showing figures that indicate -2.88% is the average achievable by property buyers investing in the suburb.
In the last year 114 properties changed hands in Arncliffe, which puts it as the 138th most active market in NSW when comparing the number of sales per suburb.
With the median price for a house in Arncliffe being $720000 and the advertised rent reaching $590 the gross rental yield for property investors calculates out to be 4.26%
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.