With a capital gain of 11.87% for the last 12 months, Engadine, 2233 has performed for property investments than its average annual 7.39% property growth over the last 5 years.
Engadine,2233 was ranked 1961 in Australia by increase in median property value over the quarter.
At number 341th of NSW’s most discounted properties, Engadine is in the bottom 30% of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 16.83 sales per month, which equates to 202 per year.
A $630 per week rent on the median house gives suburb investors a gross yield of circa 3.31%, without taking into account capital value appreciation, which has been averaging out at 7.39%.
Property value increases in Engadine have tracked just lower than the NSW average of 8.63% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Engadine has increased when compared to the 5 year average annual rate.
The most recent median price for Engadine is $695000, with sellers offering an average of -6.14% off the asking price.
Often selling an investment property can take time, and in Engadine the average time real estate has been on the market is 24.05 days.
With the median price for a house in Engadine being $695000 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 3.37%