NSW has seen average median house prices change by 7.15% which means that Islington, 2296 has done well for property investors by showing a capital gain of 8.28% over the last year
While Islington,2296 ranked number 496th in NSW for increase in median house value (annualised) increase, it is ranked 308th over the last 5 years.
Sellers are offering property buyers an average discount of -3.52% to buyers in Islington at the moment, which is less than average for the rest of NSW.
A $405 per week rent on the median house gives suburb investors a gross yield of circa 4.13%, without taking into account capital value appreciation, which has been averaging out at 7.12%.
Property investors who have had real estate in Islington, 2296 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -2.08%
Islington,2296 has offered an average of -2.08% return per annum in house price rises to property investors over the last three years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.48% offered to property buyers. Sellers in Islington itself are offering an average vendor discount of -2.12% to real estate investors.
With the median price for a house in Islington being $470000 and the advertised rent reaching $460 the gross rental yield for property investors calculates out to be 5.09%