Giving property investors a an unimpressive capital gain of 1.28% for the last year, Picnic Point, 2213 is the 2690th highest performer in Australia in this respect.
Picnic Point,2213 was ranked 1076 in Australia by increase in median property value over the quarter.
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 254th in terms of most discounted suburbs in NSW
Property investors should expect to get $590 weekly from the median priced house in this suburb.
Property investors who have had real estate in Picnic Point, 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 5.16%
While Picnic Point,2213 ranked number 216th in NSW for increase in median house value (annualised) increase, it is ranked 164th over the last 5 years.
Picnic Point2213 is located in NSW which offers an average discount of -4.41% to property investors. Picnic Point itself is showing figures that indicate -3.79% is the average achievable by property buyers investing in the suburb.
Using the current median advertised rental of $575 and the average annual increase in value of a median property of 6.75%, investors should hope to achieve an overall return of 3.67%