Investment property in Riverwood has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 7.37%
Riverwood,2210 has offered an average of 7.37% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Riverwood should be aiming for at least -5.52% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Riverwood have been waiting around 73.31 days to sell a property.
A $530 per week rent on the median house gives suburb investors a gross yield of circa 2.70%, without taking into account capital value appreciation, which has been averaging out at 9.30%.
At number 1057th in the list of Australian suburbs ordered by increase in median house value over the last year, Riverwood, 2210 is in the BOTTOM 40% with a property value increase of 0.00% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Riverwood,2210 has racked up an average of 0.00% over the period. This ranks it number 455th in the whole country for real estate investors looking at median house price increases.
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 Riverwood, 2210. Typically our figures indicate that -5.22% is being offered, which puts this NSW suburb at 713th most discounted overall in Australia.
Using the current median advertised rental of $480 and the average annual increase in value of a median property of 6.63%, investors should hope to achieve an overall return of 3.96%