At number 2891th in the list of Australian suburbs ordered by increase in median house value over the last year, Picnic Point, 2213 is in the BOTTOM 40% with a property value increase of -0.25% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Picnic Point comes in at number 720th in NSW.
Our latest figures would indicate that property sellers in Picnic Point are currently offering property investors an average price cut of -7.84% below the asking price at the moment.
The NSW suburb of Picnic Point, 2213 is in the Bankstown local government area.
Over the last year, property investments in Picnic Point, 2213 have given investors a capital gain of 8.42%. This compares favourably with the 5.41% for NSW as a whole.
Taking the average capital gain, or increase in median house value, Picnic Point,2213 has racked up an average of 8.42% over the period. This ranks it number 428th in the whole country for real estate investors looking at median house price increases.
Picnic Point, 2213 is offering NSW ‘s 299th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this NSW.
Advertised rents are around the $575 mark per week – giving a return of 3.68% based on the median price in Suburb