With a capital gain of 3.41% for the last 12 months, Engadine, 2233 has performed for property investments than its average annual 6.69% property growth over the last 5 years.
While Engadine,2233 ranked number 590th in NSW for increase in median house value (annualised) increase, it is ranked 579th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Engadine is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 600th in terms of most discounted suburbs in NSW
Renters in Suburb are facing rents around $7200 per annum or $600 every week.
At number 1150th in the list of Australian suburbs ordered by increase in median house value over the last year, Engadine, 2233 is in the BOTTOM 40% with a property value increase of -0.79% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Engadine comes in at number 275th in NSW.
At number 163th of NSW’s most discounted properties, Engadine is in the bottom 40% of the state/territory when listing in order of most discounted to least.
At number 61 in a list of fastest selling suburbs, Engadine is in the TOP 10% of suburbs in Australia with an average of days on market 36.46 for properties listed there.
A $430 per week rent on the median house gives suburb investors a gross yield of circa 3.58%, without taking into account capital value appreciation, which has been averaging out at 5.87%.