Property value increases in Padstow have tracked close to the NSW average of 6.38% over the last 12 months.
Padstow,2211 has offered an average of 6.11% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Padstow is offering property investors an average of -5.50. This rate of discount on properties puts Suburb at number 702th in terms of most discounted suburbs in NSW
In the last year 165 properties changed hands in Padstow, which puts it as the 95th most active market in NSW when comparing the number of sales per suburb.
With the median price for a house in Padstow being $955000 and the advertised rent reaching $560 the gross rental yield for property investors calculates out to be 3.05%
Property value increases in Padstow have tracked just lower than the NSW average of 5.59% 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.
At number 143th of NSW’s most discounted properties, Padstow is in the bottom 40% of the state/territory when listing in order of most discounted to least.
In the last year 53 properties changed hands in Padstow, which puts it as the 254th most active market in NSW when comparing the number of sales per suburb.
Property investors should expect to get $455 weekly from the median priced house in this suburb.