Investment property in Engadine has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.11%
Taking the average capital gain, or increase in median house value, Engadine,2233 has racked up an average of 5.11% over the period. This ranks it number 746th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Engadine should be aiming for at least -4.99% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 192 properties changed hands in Engadine, which puts it as the 76th most active market in NSW when comparing the number of sales per suburb.
With the median price for a house in Engadine being $925000 and the advertised rent reaching $600 the gross rental yield for property investors calculates out to be 3.37%
At number 1384th in the list of Australian suburbs ordered by increase in median house value over the last year, Engadine, 2233 is in the BOTTOM 30% with a property value increase of -4.23% recorded in median house prices.
Across a shorter period, Engadine, 2233 has seen a median price increase of -3.30% over the last quarter.
Vendor discounting in Engadine is giving property investors an average Vendor Discount of around -4.88%. This puts suburb at number 168th in NSW when ranking the most discounted suburbs.
Engadine is 449th on a list of best yielding suburbs for rents in NSW with a 3.59% return