At number 2440th in the list of Australian suburbs ordered by increase in median house value over the last year, Gymea, 2227 is in the BOTTOM 50% with a property value increase of 3.99% recorded in median house prices.
While Gymea,2227 ranked number 1002th in NSW for increase in median house value (annualised) increase, it is ranked 370th over the last 5 years.
A $645 per week rent on the median house gives suburb investors a gross yield of circa 2.74%, without taking into account capital value appreciation, which has been averaging out at 8.89%.
Property value increases in Gymea have tracked just higher than the NSW average of 7.74% over the last 12 months.
Taking the average capital gain, or increase in median house value, Gymea,2227 has racked up an average of 12.14% over the period. This ranks it number 371th in the whole country for real estate investors looking at median house price increases.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.16% offered to property buyers. Sellers in Gymea itself are offering an average vendor discount of -3.72% to real estate investors.
Renters in Suburb are facing rents around $5970 per annum or $497.5 every week.
While it is primarily a residential suburb, over recent years, Gymea’s shopping and dining hub has grown in popularity. This district includes the Gymea Shopping Village, as well as many boutiques, gourmet food stores, restaurants and cafes that define the suburb’s strong café culture.Full summary
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The southern Sydney suburb of Gymea is known for cultivating gymea lilies, which have been adopted as the town symbol.
While it is primarily a residential suburb, over recent years, Gymea’s shopping and dining hub has grown in popularity. This district includes the Gymea Shopping Village, as well as many boutiques, gourmet food stores, restaurants and cafes that define the suburb’s strong café culture. There are various educational institutions, including a Sydney Institute TAFE campus, which may draw students. Local buses provide transport for schools as well.
The establishment of Gymea Railway Station adds significantly to Gymea’s accessibility, boosting its popularity. This is evident in the suburb’s growth over the past five years.Close