With a capital gain of 1.49% for the last 12 months, Picnic Point, 2213 has performed for property investments than its average annual 7.56% property growth over the last 5 years.
Across a shorter period, Picnic Point, 2213 has seen a median price increase of 4.08% over the last quarter.
Vendor discounting in Picnic Point is giving property investors an average Vendor Discount of around -5.41%. This puts suburb at number 536th in NSW when ranking the most discounted suburbs.
At number 1797 in a list of fastest selling suburbs, Picnic Point is just in the top half of suburbs in Australia with an average of days on market 77.78 for properties listed there.
Renters in Suburb are facing rents around $7200 per annum or $600 every week.
If you compare the increase in value of investment property in Picnic Point, 2213 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 0.81%.
Over the longer term, Picnic Point has seen property prices show investors a 26.80% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -3.50% to buyers in Picnic Point at the moment, which is less than average for the rest of NSW.
Picnic Point, 2213’s gross rental yield is 3.75%