NSW has seen average median house prices change by 7.93% which means that Engadine, 2233 has done well for property investors by showing a capital gain of 5.36% over the last year
Across a shorter period, Engadine, 2233 has seen a median price increase of -0.17% over the last quarter.
Our latest figures would indicate that property sellers in Engadine are currently offering property investors an average price cut of -4.25% below the asking price at the moment.
Using the current median advertised rental of $590 and the average annual increase in value of a median property of 6.36%, investors should hope to achieve an overall return of 3.47%
Over the last year, property investments in Engadine, 2233 have given investors a capital gain of 16.07%. This compares very favourably with the 6.92% for NSW as a whole.
Over the longer term, Engadine has seen property prices show investors a 46.73% return over the last 3 years. This is worse than over the last 12 months
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.46% offered to property buyers. Sellers in Engadine itself are offering an average vendor discount of -4.98% to real estate investors.
On average over the past year, suburb has had 6.17 sales per month, which equates to 74 per year.
A $430 per week rent on the median house gives suburb investors a gross yield of circa 3.44%, without taking into account capital value appreciation, which has been averaging out at 7.23%.