Rockdale is in the bottom 20% in NSW when comparing median price capital growth over the last year. Rockdale gave property investors a dismal capital gain figure when compared to the rest of the state, with -2.64%.
While Rockdale,2216 ranked number 1243th in NSW for increase in median house value (annualised) increase, it is ranked 274th 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 -5.42% below the asking price at the moment.
With the median price for a house in Rockdale being $1071000 and the advertised rent reaching $595 the gross rental yield for property investors calculates out to be 2.89%
With a capital gain of 3.33% for the last 12 months, Rockdale, 2216 has performed for property investments than its average annual 5.92% property growth over the last 5 years.
The five-year average increase in median property values for Rockdale,2216 has given property investors a potential capital gain of 47.44% across each of those five years.
Property investors looking for a bargain in Rockdale should be aiming for at least -3.17% off the asking price, which is the average vendor discount being achieved at the moment.
Rockdale is 283th on a list of best yielding suburbs for rents in NSW with a 4.19% return