Investment property in Rockdale has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -3.72%
When looking at the potential capital gains offered to property investors over the last 3 years, Rockdale comes in at number 325th in NSW.
At number 718th of NSW’s most discounted properties, Rockdale is in the middle of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 4.50 sales per month, which equates to 54 per year.
Renters in Suburb are facing rents around $7170 per annum or $597.5 every week.
With a capital gain of -0.08% for the last 12 months, Rockdale, 2216 has performed for property investments than its average annual 6.08% property growth over the last 5 years.
Across a shorter period, Rockdale, 2216 has seen a median price increase of -0.32% over the last quarter.
Property investors looking for a bargain in Rockdale should be aiming for at least -3.25% off the asking price, which is the average vendor discount being achieved at the moment.