At number 3279th in the list of Australian suburbs ordered by increase in median house value over the last year, Picnic Point, 2213 is in the BOTTOM 30% with a property value increase of -3.37% recorded in median house prices.
Picnic Point,2213 has offered an average of -3.37% return per annum in house price rises to property investors over the last three years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.53% offered to property buyers. Sellers in Picnic Point itself are offering an average vendor discount of -7.77% to real estate investors.
Using the current median advertised rental of $590 and the average annual increase in value of a median property of 6.60%, investors should hope to achieve an overall return of 3.24%
Property value increases in Picnic Point have tracked higher than the NSW average of 6.59% over the last 12 months.
Property investors looking for a bargain in Picnic Point should be aiming for at least -3.52% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $585 mark per week – giving a return of 3.81% based on the median price in Suburb