Property investors who have had real estate in Pelican, 2281 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 7.69%
Across a shorter period, Pelican, 2281 has seen a median price increase of 1.82% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Pelican is offering property investors an average of -5.45. This rate of discount on properties puts Suburb at number 1075th in terms of most discounted suburbs in NSW
Residents and property investors in Pelican have been waiting around 58.4 days to sell a property.
With the median price for a house in Pelican being $560000 and the advertised rent reaching $382.5 the gross rental yield for property investors calculates out to be 3.55%