Property investors who have had real estate in Mannering Park, 2259 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 9.21%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mannering Park has increased when compared to the 5 year average annual rate.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.50% offered to property buyers. Sellers in Mannering Park itself are offering an average vendor discount of -5.77% to real estate investors.
Using the current median advertised rental of $370 and the average annual increase in value of a median property of 4.44%, investors should hope to achieve an overall return of 4.64%