Property investors who have had real estate in Bexley, 2207 should be 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 14.68%
Bexley,2207 was ranked 1171 in Australia by increase in median property value over the quarter.
The most recent median price for Bexley is $1250000, with sellers offering an average of -11.08% off the asking price.
Using the current median advertised rental of $600 and the average annual increase in value of a median property of 9.54%, investors should hope to achieve an overall return of 2.50%
Property value increases in Bexley have tracked close to the NSW average of 6.96% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bexley has increased when compared to the 5 year average annual rate.
At number 263th of NSW’s most discounted properties, Bexley is in the middle of the state/territory when listing in order of most discounted to least.
With the median price for a house in Bexley being $700000 and the advertised rent reaching $462.5 the gross rental yield for property investors calculates out to be 3.44%