Investment property in Swansea has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 12.79%
While Swansea,2281 ranked number 477th in NSW for increase in median house value (annualised) increase, it is ranked 688th over the last 5 years.
Property investors looking for a bargain in Swansea should be aiming for at least -7.10% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Swansea have been waiting around 61.95 days to sell a property.
Swansea, 2281’s gross rental yield is 3.86%
Swansea is in the bottom 30% in NSW when comparing median price capital growth over the last year. Swansea gave property investors a disappointing capital gain figure when compared to the rest of the state, with 3.35%.
When looking at the potential capital gains offered to property investors over the last 3 years, Swansea comes in at number 440th in NSW.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Swansea, 2281. Typically our figures indicate that -3.57% is being offered, which puts this NSW suburb at 1191th most discounted overall in Australia.
Advertised rents are around the $330 mark per week – giving a return of 4.64% based on the median price in Suburb