If you compare the increase in value of investment property in Revesby, 2212 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was 0.53%.
Across a shorter period, Revesby, 2212 has seen a median price increase of 1.61% over the last quarter.
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 -5.29% is being offered, which puts this NSW suburb at 2343th most discounted overall in Australia.
With the median price for a house in Revesby being $945000 and the advertised rent reaching $520 the gross rental yield for property investors calculates out to be 2.86%
Over the last year, property investments in Revesby, 2212 have given investors a capital gain of -1.10%. This compares badly with the 5.73% for NSW as a whole.
Taking the average capital gain, or increase in median house value, Revesby,2212 has racked up an average of -1.10% over the period. This ranks it number 249th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Revesby is $720000, with sellers offering an average of -2.57% off the asking price.
Advertised rents are around the $500 mark per week – giving a return of 3.61% based on the median price in Suburb