Property value increases in Rockdale have tracked close to the NSW average of 9.05% over the last 12 months.
While Rockdale,2216 ranked number 99th in NSW for increase in median house value (annualised) increase, it is ranked 276th over the last 5 years.
Our latest figures would indicate that property sellers in Rockdale are currently offering property investors an average price cut of -5.61% below the asking price at the moment.
Giving property investors a an average capital gain of 4.03% for the last year, Rockdale, 2216 is the 754th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Rockdale has increased when compared to the 5 year average annual rate.
Property buyers and investors in Rockdale 2216 should be seeing an average reduction in asking price of around -3.15% . This means that Rockdale is holding prices well when compared to other suburbs in NSW.
Often selling an investment property can take time, and in Rockdale the average time real estate has been on the market is 41.11 days.
Using the current median advertised rental of $520 and the average annual increase in value of a median property of 6.55%, investors should hope to achieve an overall return of 4.19%