Over the last year, property investments in Menai, 2234 have given investors a capital gain of 1.98%. This compares badly with the 7.28% for NSW as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Menai comes in at number 744th in NSW.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.49% offered to property buyers. Sellers in Menai itself are offering an average vendor discount of -2.18% to real estate investors.
With the median price for a house in Menai being $1002500 and the advertised rent reaching $700 the gross rental yield for property investors calculates out to be 3.63%
NSW has seen average median house prices change by 5.73% which means that Menai, 2234 has done well for property investors by showing a capital gain of 7.45% over the last year
If we look at median property appreciation over just the last three months, Menai has given property investors a paper return of 2.74%. This puts Suburb as 196 on a list of fastest fasting appreciating suburbs in NSW
LACK OF BUYER INTEREST may well be the reason that Menai is offering property investors an average of -4.41. This rate of discount on properties puts Suburb at number 441th in terms of most discounted suburbs in NSW
Often selling an investment property can take time, and in Menai the average time real estate has been on the market is 30.81 days.
Property investors should expect to get $540 weekly from the median priced house in this suburb.