Property investors who have had real estate in Picnic Point, 2213 should be 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 20.42%
Comparing Picnic Point,2213 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
The most recent median price for Picnic Point is $1150000, with sellers offering an average of -4.93% off the asking price.
On average over the past year, suburb has had 7.25 sales per month, which equates to 87 per year.
Situated 18.70km from the CBD, Picnic Point is one of Bankstown localities in the postcode 2213.
Picnic Point, 2213 ranked 373th in NSW when comparing growth in median property values or capital gain over the last 12 months. Picnic Point is one of 3163 in our list for NSW
Picnic Point,2213 has offered an average of 4.08% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Picnic Point should be aiming for at least -5.03% off the asking price, which is the average vendor discount being achieved at the moment.
A $590 per week rent on the median house gives suburb investors a gross yield of circa 3.65%, without taking into account capital value appreciation, which has been averaging out at 7.45%.