With a capital gain of 8.50% for the last 12 months, Picnic Point, 2213 has performed for property investments than its average annual 8.29% property growth over the last 5 years.
Across a shorter period, Picnic Point, 2213 has seen a median price increase of 8.18% over the last quarter.
Sellers are offering property buyers an average discount of -5.39% to buyers in Picnic Point at the moment, which is less than average for the rest of NSW.
Property investors should expect to get $600 weekly from the median priced house in this suburb.
Property value increases in Picnic Point have tracked just lower than the NSW average of 6.96% over the last 12 months.
A 54.94% growth in median value for property investors in Picnic Point,2213 puts this suburb at number 386th in terms of best performing suburbs in NSW
LACK OF BUYER INTEREST may well be the reason that Picnic Point is offering property investors an average of -4.23. This rate of discount on properties puts Suburb at number 302th in terms of most discounted suburbs in NSW
Using the current median advertised rental of $540 and the average annual increase in value of a median property of 6.18%, investors should hope to achieve an overall return of 3.45%