If you compare the increase in value of investment property in Marks Point, 2280 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 11.46%.
Across a shorter period, Marks Point, 2280 has seen a median price increase of 10.42% over the last quarter.
Our latest figures would indicate that property sellers in Marks Point are currently offering property investors an average price cut of -5.49% below the asking price at the moment.
A $395 per week rent on the median house gives suburb investors a gross yield of circa 3.88%, without taking into account capital value appreciation, which has been averaging out at 6.12%.
Investment property in Marks Point has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -7.74%
While Marks Point,2280 ranked number 439th in NSW for increase in median house value (annualised) increase, it is ranked 446th over the last 5 years.
Using the current median advertised rental of $350 and the average annual increase in value of a median property of 0.84%, investors should hope to achieve an overall return of 6.11%