If you compare the increase in value of investment property in Georgetown, 2298 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 11.61%.
Across a shorter period, Georgetown, 2298 has seen a median price increase of 0.70% over the last quarter.
Sellers are offering property buyers an average discount of -2.79% to buyers in Georgetown at the moment, which is less than average for the rest of NSW.
A $447.5 per week rent on the median house gives suburb investors a gross yield of circa 4.34%, without taking into account capital value appreciation, which has been averaging out at 5.24%.
NSW has seen average median house prices change by 5.59% which means that Georgetown, 2298 has done well for property investors by showing a capital gain of -28.64% over the last year
Georgetown is 250th on a list of best yielding suburbs for rents in NSW with a 4.27% return