At number 1848th in the list of Australian suburbs ordered by increase in median house value over the last year, Padstow, 2211 is in the top half with a property value increase of 5.58% recorded in median house prices.
Padstow,2211 was ranked 2202 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Padstow should be aiming for at least -4.55% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $550 mark per week – giving a return of 2.99% based on the median price in Suburb
Property value increases in Padstow have tracked lower than the NSW average of 5.41% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Padstow comes in at number 286th in NSW.
Vendor discounting in Padstow is giving property investors an average Vendor Discount of around -5.34%. This puts suburb at number 119th in NSW when ranking the most discounted suburbs.
Property investors should expect to get $460 weekly from the median priced house in this suburb.