Property investors who have had real estate in Panania, 2213 should be relatively 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 10.60%
Taking the average capital gain, or increase in median house value, Panania,2213 has racked up an average of 10.60% over the period. This ranks it number 985th in the whole country for real estate investors looking at median house price increases.
Panania, 2213 is offering NSW ‘s 995th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this NSW.
Renters in Suburb are facing rents around $6960 per annum or $580 every week.
Property value increases in Panania have tracked higher than the NSW average of 8.63% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Panania has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Panania are currently offering property investors an average price cut of -2.45% below the asking price at the moment.
Residents and property investors in Panania have been waiting around 18.93 days to sell a property.
Panania is 420th on a list of best yielding suburbs for rents in NSW with a 3.52% return