Investment property in Toronto has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 7.69%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Toronto has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Toronto are currently offering property investors an average price cut of -4.82% below the asking price at the moment.
At number 130th in the list of Australian suburbs ordered by increase in median house value over the last year, Toronto, 2283 is in the top 10% with a property value increase of 21.43% recorded in median house prices.
Toronto,2283 was ranked 341 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -4.70% to buyers in Toronto at the moment, which is less than average for the rest of NSW.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 3.57%, without taking into account capital value appreciation, which has been averaging out at 5.79%.