At number 1402th in the list of Australian suburbs ordered by increase in median house value over the last year, Engadine, 2233 is in the top 40% with a property value increase of 9.98% recorded in median house prices.
Over the longer term, Engadine has seen property prices show investors a 41.92% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Engadine is offering property investors an average of -5.35. This rate of discount on properties puts Suburb at number 322th in terms of most discounted suburbs in NSW
On average over the past year, suburb has had 14.75 sales per month, which equates to 177 per year.
Using the current median advertised rental of $600 and the average annual increase in value of a median property of 7.24%, investors should hope to achieve an overall return of 3.20%
Property value increases in Engadine have tracked close to the NSW average of 6.96% over the last 12 months.
Taking the average capital gain, or increase in median house value, Engadine,2233 has racked up an average of 8.09% over the period. This ranks it number 242th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Engadine are currently offering property investors an average price cut of -5.07% below the asking price at the moment.
Often selling an investment property can take time, and in Engadine the average time real estate has been on the market is 34.16 days.
Engadine is 511th on a list of best yielding suburbs for rents in NSW with a 3.21% return