Burraneer has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -5.51% to date .
Over the longer term, Burraneer has seen property prices show investors a 27.27% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Burraneer are currently offering property investors an average price cut of -5.00% below the asking price at the moment.
In the last year 44 properties changed hands in Burraneer, which puts it as the 727th most active market in NSW when comparing the number of sales per suburb.
A $1100 per week rent on the median house gives suburb investors a gross yield of circa 2.72%, without taking into account capital value appreciation, which has been averaging out at 6.09%.
Burraneer,2230 was ranked 906 in Australia by increase in median property value over the quarter.
The NSW suburb of Burraneer, 2230 is in the Sutherland Shire local government area.