NSW has seen average median house prices change by 6.87% which means that Swansea, 2281 has done well for property investors by showing a capital gain of 16.65% over the last year
While Swansea,2281 ranked number 595th in NSW for increase in median house value (annualised) increase, it is ranked 686th over the last 5 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 Swansea itself are offering an average vendor discount of -6.22% to real estate investors.
Residents and property investors in Swansea have been waiting around 50.26 days to sell a property.
At number 1032th in the list of Australian suburbs ordered by increase in median house value over the last year, Swansea, 2281 is in the BOTTOM 50% with a property value increase of 0.41% recorded in median house prices.
Comparing Swansea,2281 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
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 -4.09% is being offered, which puts this NSW suburb at 1066th most discounted overall in Australia.
On average over the past year, suburb has had 3.17 sales per month, which equates to 38 per year.
With the median price for a house in Swansea being $367500 and the advertised rent reaching $330 the gross rental yield for property investors calculates out to be 4.67%