At number 592th in the list of Australian suburbs ordered by increase in median house value over the last year, Islington, 2296 is in the top 20% with a property value increase of 15.70% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Islington has increased when compared to the 5 year average annual rate.
Vendor discounting in Islington is giving property investors an average Vendor Discount of around -3.71%. This puts suburb at number 987th in NSW when ranking the most discounted suburbs.
Residents and property investors in Islington have been waiting around 41 days to sell a property.
Islington, 2296’s gross rental yield is 3.86%
Property value increases in Islington have tracked higher than the NSW average of 6.22% over the last 12 months.
Over the longer term, Islington has seen property prices show investors a 28.26% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Islington should be aiming for at least -2.02% off the asking price, which is the average vendor discount being achieved at the moment.