If you compare the increase in value of investment property in Magenta, 2261 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -4.40%.
A 0.60% growth in median value for property investors in Magenta,2261 puts this suburb at number 537th in terms of best performing suburbs in NSW
LACK OF BUYER INTEREST may well be the reason that Magenta is offering property investors an average of -4.23. This rate of discount on properties puts Suburb at number 8th in terms of most discounted suburbs in NSW
A $420 per week rent on the median house gives suburb investors a gross yield of circa 4.37%, without taking into account capital value appreciation, which has been averaging out at 0.19%.