Property value increases in Revesby have tracked just lower than the NSW average of 7.47% over the last 12 months.
While Revesby,2212 ranked number 882th in NSW for increase in median house value (annualised) increase, it is ranked 371th over the last 5 years.
Our latest figures would indicate that property sellers in Revesby are currently offering property investors an average price cut of -5.27% below the asking price at the moment.
At number 1279th in the list of Australian suburbs ordered by increase in median house value over the last year, Revesby, 2212 is in the BOTTOM 30% with a property value increase of -2.11% recorded in median house prices.
While Revesby,2212 ranked number 317th in NSW for increase in median house value (annualised) increase, it is ranked 133th over the last 5 years.
Vendor discounting in Revesby is giving property investors an average Vendor Discount of around -2.83%. This puts suburb at number 406th in NSW when ranking the most discounted suburbs.
On average over the past year, suburb has had 5.33 sales per month, which equates to 64 per year.
Using the current median advertised rental of $500 and the average annual increase in value of a median property of 7.67%, investors should hope to achieve an overall return of 3.61%