Investment property in Picnic Point has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.00%
Picnic Point,2213 has offered an average of 0.00% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Picnic Point is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 345th in terms of most discounted suburbs in NSW
In the last year 100 properties changed hands in Picnic Point, which puts it as the 289th most active market in NSW when comparing the number of sales per suburb.
Picnic Point, 2213’s gross rental yield is 3.09%
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 1.24%.
Picnic Point,2213 was ranked 876 in Australia by increase in median property value over the quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Picnic Point, 2213. Typically our figures indicate that -3.52% is being offered, which puts this NSW suburb at 1209th most discounted overall in Australia.
On average over the past year, suburb has had 2.00 sales per month, which equates to 24 per year.
With the median price for a house in Picnic Point being $815000 and the advertised rent reaching $575 the gross rental yield for property investors calculates out to be 3.67%