At number 464th in the list of Australian suburbs ordered by increase in median house value over the last year, Rockdale, 2216 is in the top 20% with a property value increase of 18.82% recorded in median house prices.
Comparing Rockdale,2216 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in Rockdale 2216 should be seeing an average reduction in asking price of around -5.61% . This means that Rockdale is holding prices well when compared to other suburbs in NSW.
With the median price for a house in Rockdale being $1310000 and the advertised rent reaching $605 the gross rental yield for property investors calculates out to be 2.40%
Over the last year, property investments in Rockdale, 2216 have given investors a capital gain of 4.92%. This compares averagely with the 7.74% for NSW as a whole.
Over the longer term, Rockdale has seen property prices show investors a 22.64% return over the last 3 years. This is worse than over the last 12 months
At number 308th of NSW’s most discounted properties, Rockdale is in the TOP 40% of the state/territory when listing in order of most discounted to least.
Using the current median advertised rental of $520 and the average annual increase in value of a median property of 6.92%, investors should hope to achieve an overall return of 4.16%