At number 1620th in the list of Australian suburbs ordered by increase in median house value over the last year, Connells Point, 2221 is in the top 40% with a property value increase of 7.49% recorded in median house prices.
While Connells Point,2221 ranked number 948th in NSW for increase in median house value (annualised) increase, it is ranked 634th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Connells Point is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 54th in terms of most discounted suburbs in NSW
Using the current median advertised rental of $795 and the average annual increase in value of a median property of 7.74%, investors should hope to achieve an overall return of 2.35%
If you compare the increase in value of investment property in Connells Point, 2221 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 13.03%.
Situated 12.11km from the CBD, Connells Point is one of Kogarah localities in the postcode 2221.