Property value increases in Padstow have tracked close to the NSW average of 7.28% 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.
Padstow, 2211 is offering NSW ‘s 783th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this NSW.
Advertised rents are around the $550 mark per week – giving a return of 2.99% based on the median price in Suburb
If you compare the increase in value of investment property in Padstow, 2211 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 0.38%.
While Padstow,2211 ranked number 90th in NSW for increase in median house value (annualised) increase, it is ranked 255th over the last 5 years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.41% offered to property buyers. Sellers in Padstow itself are offering an average vendor discount of -5.35% to real estate investors.
In the last year 55 properties changed hands in Padstow, which puts it as the 257th most active market in NSW when comparing the number of sales per suburb.
A $460 per week rent on the median house gives suburb investors a gross yield of circa 3.62%, without taking into account capital value appreciation, which has been averaging out at 5.99%.