With a capital gain of -0.11% for the last 12 months, Revesby, 2212 has performed for property investments than its average annual 7.92% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Revesby has increased when compared to the 5 year average annual rate.
At number 476th of NSW’s most discounted properties, Revesby is in the bottom 40% of the state/territory when listing in order of most discounted to least.
Often selling an investment property can take time, and in Revesby the average time real estate has been on the market is 63.64 days.
With the median price for a house in Revesby being $936000 and the advertised rent reaching $520 the gross rental yield for property investors calculates out to be 2.89%
Revesby has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -0.28% to date .
If we look at median property appreciation over just the last three months, Revesby has given property investors a paper return of -1.25%. This puts Suburb as 448 on a list of fastest fasting appreciating suburbs in NSW
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 Revesby, 2212. Typically our figures indicate that -2.91% is being offered, which puts this NSW suburb at 1334th most discounted overall in Australia.
A $495 per week rent on the median house gives suburb investors a gross yield of circa 3.61%, without taking into account capital value appreciation, which has been averaging out at 7.56%.