Property investors who have had real estate in Pelican, 2281 should be 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 20.45%
Comparing Pelican,2281 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
The most recent median price for Pelican is $530000, with sellers offering an average of -5.45% off the asking price.
Often selling an investment property can take time, and in Pelican the average time real estate has been on the market is 80.15 days.
A $370 per week rent on the median house gives suburb investors a gross yield of circa 3.63%, without taking into account capital value appreciation, which has been averaging out at 4.24%.