Menai has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 2.56% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Menai has increased when compared to the 5 year average annual rate.
Vendor discounting in Menai is giving property investors an average Vendor Discount of around -2.21%. This puts suburb at number 1210th in NSW when ranking the most discounted suburbs.
In the last year 89 properties changed hands in Menai, which puts it as the 337th most active market in NSW when comparing the number of sales per suburb.
Advertised rents are around the $700 mark per week – giving a return of 3.64% based on the median price in Suburb
Giving property investors a a stable capital gain of 9.04% for the last year, Menai, 2234 is the 423th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Menai,2234 has racked up an average of 9.04% over the period. This ranks it number 188th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -2.28% to buyers in Menai at the moment, which is less than average for the rest of NSW.
In the last year 54 properties changed hands in Menai, which puts it as the 256th most active market in NSW when comparing the number of sales per suburb.
Menai is 393th on a list of best yielding suburbs for rents in NSW with a 3.76% return