Investment property in The Hill has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 19.05%
If we look at median property appreciation over just the last three months, The Hill has given property investors a paper return of 32.11%. This puts Suburb as 2 on a list of fastest fasting appreciating suburbs in NSW
With the median price for a house in The Hill being $1625000 and the advertised rent reaching $635 the gross rental yield for property investors calculates out to be 2.03%
At number 184th in the list of Australian suburbs ordered by increase in median house value over the last year, The Hill, 2300 is in the top 20% with a property value increase of 16.44% recorded in median house prices.
The five-year average increase in median property values for The Hill,2300 has given property investors a potential capital gain of 63.39% across each of those five years.
Property investors looking for a bargain in The Hill should be aiming for at least -3.15% off the asking price, which is the average vendor discount being achieved at the moment.
A $360 per week rent on the median house gives suburb investors a gross yield of circa 3.70%, without taking into account capital value appreciation, which has been averaging out at 7.43%.