Giving property investors a a stable capital gain of 9.10% for the last year, Panania, 2213 is the 1586th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Panania has given property investors a paper return of 2.95%. This puts Suburb as 639 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 Panania, 2213. Typically our figures indicate that -3.69% is being offered, which puts this NSW suburb at 3226th most discounted overall in Australia.
Often selling an investment property can take time, and in Panania the average time real estate has been on the market is 51.42 days.
Using the current median advertised rental of $570 and the average annual increase in value of a median property of 8.49%, investors should hope to achieve an overall return of 2.98%
Property investors who have had real estate in Panania, 2213 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 19.22%
A 55.61% growth in median value for property investors in Panania,2213 puts this suburb at number 34th in terms of best performing suburbs in NSW
Property investors looking for a bargain in Panania should be aiming for at least -2.67% off the asking price, which is the average vendor discount being achieved at the moment.
A $490 per week rent on the median house gives suburb investors a gross yield of circa 3.45%, without taking into account capital value appreciation, which has been averaging out at 8.92%.