Property investors who have had real estate in San Remo, 2262 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 10.81%
The five-year average increase in median property values for San Remo,2262 has given property investors a potential capital gain of 60.78% across each of those five years.
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 San Remo itself are offering an average vendor discount of -3.52% to real estate investors.
At number 380 in a list of fastest selling suburbs, San Remo is in the TOP 10% of suburbs in Australia with an average of days on market 44.71 for properties listed there.
Using the current median advertised rental of $370 and the average annual increase in value of a median property of 5.50%, investors should hope to achieve an overall return of 4.69%