Investment property in Georgetown has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.63%
While Georgetown,2298 ranked number 672th in NSW for increase in median house value (annualised) increase, it is ranked 661th over the last 5 years.
Georgetown, 2298 is offering NSW ‘s 1179th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this NSW.
Using the current median advertised rental of $430 and the average annual increase in value of a median property of 5.82%, investors should hope to achieve an overall return of 4.21%
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.46% offered to property buyers. Sellers in Georgetown itself are offering an average vendor discount of -5.30% to real estate investors.
At number 152 in a list of fastest selling suburbs, Georgetown is in the TOP 20% of suburbs in Australia with an average of days on market 43.09 for properties listed there.
Advertised rents are around the $320 mark per week – giving a return of 4.16% based on the median price in Suburb