Over the last year, property investments in Panania, 2213 have given investors a capital gain of 2.25%. This compares badly with the 7.15% for NSW as a whole.
Panania,2213 has offered an average of 2.25% 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 Panania is offering property investors an average of -5.53. This rate of discount on properties puts Suburb at number 544th in terms of most discounted suburbs in NSW
A $550 per week rent on the median house gives suburb investors a gross yield of circa 3.15%, without taking into account capital value appreciation, which has been averaging out at 7.61%.
With a capital gain of -6.91% for the last 12 months, Panania, 2213 has performed for property investments than its average annual 6.86% property growth over the last 5 years.
While Panania,2213 ranked number 272th in NSW for increase in median house value (annualised) increase, it is ranked 275th over the last 5 years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.48% offered to property buyers. Sellers in Panania itself are offering an average vendor discount of -3.66% to real estate investors.
Panania, 2213’s gross rental yield is 4.09%