NSW has seen average median house prices change by 7.15% which means that Magenta, 2261 has done well for property investors by showing a capital gain of 8.39% over the last year
Magenta,2261 was ranked 3884 in Australia by increase in median property value over the quarter.
In the last year 14 properties changed hands in Magenta, which puts it as the 1295th most active market in NSW when comparing the number of sales per suburb.
Property investors who have had real estate in Magenta, 2261 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -3.88%
Using the current median advertised rental of $490 and the average annual increase in value of a median property of -1.49%, investors should hope to achieve an overall return of 4.84%