Investment property in Panania has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.43%
Panania,2213 has offered an average of 6.43% return per annum in house price rises to property investors over the last three years.
Panania2213 is located in NSW which offers an average discount of -5.45% to property investors. Panania itself is showing figures that indicate -4.13% is the average achievable by property buyers investing in the suburb.
A $570 per week rent on the median house gives suburb investors a gross yield of circa 3.06%, without taking into account capital value appreciation, which has been averaging out at 8.37%.
NSW has seen average median house prices change by 6.22% which means that Panania, 2213 has done well for property investors by showing a capital gain of 10.89% over the last year
Across a shorter period, Panania, 2213 has seen a median price increase of 6.46% over the last quarter.
The most recent median price for Panania is $692500, with sellers offering an average of -2.49% off the asking price.
At number 12 in a list of fastest selling suburbs, Panania is in the TOP 10% of suburbs in Australia with an average of days on market 20.2 for properties listed there.
With the median price for a house in Panania being $692500 and the advertised rent reaching $473 the gross rental yield for property investors calculates out to be 3.55%