Picnic Point is in the TOP 20% in NSW when comparing median price capital growth over the last year. Picnic Point gave property investors a very good capital gain figure when compared to the rest of the state, with 17.71%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Picnic Point has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Picnic Point are currently offering property investors an average price cut of -4.98% below the asking price at the moment.
In the last year 100 properties changed hands in Picnic Point, which puts it as the 297th most active market in NSW when comparing the number of sales per suburb.
Property investors should expect to get $600 weekly from the median priced house in this suburb.
NSW has seen average median house prices change by 8.01% which means that Picnic Point, 2213 has done well for property investors by showing a capital gain of 1.55% over the last year
Over the longer term, Picnic Point has seen property prices show investors a 27.24% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Picnic Point is offering property investors an average of -4.12. This rate of discount on properties puts Suburb at number 139th in terms of most discounted suburbs in NSW
Residents and property investors in Picnic Point have been waiting around 37.84 days to sell a property.
With the median price for a house in Picnic Point being $817500 and the advertised rent reaching $540 the gross rental yield for property investors calculates out to be 3.43%