Investment property in The Hill has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -0.22%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in The Hill has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that The Hill is offering property investors an average of -5.52. This rate of discount on properties puts Suburb at number 69th in terms of most discounted suburbs in NSW
The Hill, 2300’s gross rental yield is 3.21%
At number 447th in the list of Australian suburbs ordered by increase in median house value over the last year, The Hill, 2300 is in the top 30% with a property value increase of 9.76% recorded in median house prices.
While The Hill,2300 ranked number 139th in NSW for increase in median house value (annualised) increase, it is ranked 51th over the last 5 years.
The most recent median price for The Hill is $450000, with sellers offering an average of -3.81% off the asking price.
In the last year 79 properties changed hands in The Hill, which puts it as the 175th most active market in NSW when comparing the number of sales per suburb.