Over the last year, property investments in Panania, 2213 have given investors a capital gain of 4.29%. This compares badly with the 7.28% for NSW as a whole.
The five-year average increase in median property values for Panania,2213 has given property investors a potential capital gain of 66.49% across each of those five years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.49% offered to property buyers. Sellers in Panania itself are offering an average vendor discount of -4.34% to real estate investors.
On average over the past year, suburb has had 21.42 sales per month, which equates to 257 per year.
Advertised rents are around the $560 mark per week – giving a return of 3.07% based on the median price in Suburb
Panania is an average performer in NSW when comparing median price capital growth over the last year. Panania gave property investors a average capital gain figure when compared to the rest of the state, with 3.25%.
Across a shorter period, Panania, 2213 has seen a median price increase of 3.83% over the last quarter.
Our latest figures would indicate that property sellers in Panania are currently offering property investors an average price cut of -2.24% below the asking price at the moment.
Residents and property investors in Panania have been waiting around 44.46 days to sell a property.
With the median price for a house in Panania being $650500 and the advertised rent reaching $473 the gross rental yield for property investors calculates out to be 3.78%