Investment property in Arncliffe has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.80%
A 82.93% growth in median value for property investors in Arncliffe,2205 puts this suburb at number 356th in terms of best performing suburbs in NSW
Property investors looking for a bargain in Arncliffe should be aiming for at least -6.78% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Arncliffe have been waiting around 80.9 days to sell a property.
A $630 per week rent on the median house gives suburb investors a gross yield of circa 2.73%, without taking into account capital value appreciation, which has been averaging out at 9.76%.
Property investors who have had real estate in Arncliffe, 2205 should be ok 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 1.94%
When looking at the potential capital gains offered to property investors over the last 3 years, Arncliffe comes in at number 382th in NSW.
Sellers are offering property buyers an average discount of -3.67% to buyers in Arncliffe at the moment, which is less than average for the rest of NSW.
Renters in Suburb are facing rents around $6960 per annum or $580 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.