Investment property in Padstow 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 8.95%
Padstow,2211 has offered an average of 8.95% return per annum in house price rises to property investors over the last three years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.22% offered to property buyers. Sellers in Padstow itself are offering an average vendor discount of -4.51% to real estate investors.
At number 943 in a list of fastest selling suburbs, Padstow is in the TOP 30% of suburbs in Australia with an average of days on market 53.72 for properties listed there.
Padstow, 2211’s gross rental yield is 2.76%
Property value increases in Padstow have tracked higher than the NSW average of 8.63% 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 Padstow has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Padstow is offering property investors an average of -4.13. This rate of discount on properties puts Suburb at number 68th in terms of most discounted suburbs in NSW