Boolaroo has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 2.82% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Boolaroo has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Boolaroo are currently offering property investors an average price cut of -6.05% below the asking price at the moment.
Often selling an investment property can take time, and in Boolaroo the average time real estate has been on the market is 40.66 days.
Using the current median advertised rental of $355 and the average annual increase in value of a median property of 4.95%, investors should hope to achieve an overall return of 4.60%