Property investors who have had real estate in Rockdale, 2216 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 23.65%
While Rockdale,2216 ranked number 139th in NSW for increase in median house value (annualised) increase, it is ranked 156th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Rockdale is offering property investors an average of -5.22. This rate of discount on properties puts Suburb at number 393th in terms of most discounted suburbs in NSW
Advertised rents are around the $620 mark per week – giving a return of 2.41% based on the median price in Suburb
Over the last year, property investments in Rockdale, 2216 have given investors a capital gain of 7.97%. This compares averagely with the 8.63% for NSW as a whole.
Across a shorter period, Rockdale, 2216 has seen a median price increase of 2.99% over the last quarter.
Property buyers and investors in Rockdale 2216 should be seeing an average reduction in asking price of around -3.41% . This means that Rockdale is holding prices well when compared to other suburbs in NSW.
A $520 per week rent on the median house gives suburb investors a gross yield of circa 4.04%, without taking into account capital value appreciation, which has been averaging out at 7.07%.