At number 45th in the list of Australian suburbs ordered by increase in median house value over the last year, The Hill, 2300 is in the top 10% with a property value increase of 36.89% recorded in median house prices.
Taking the average capital gain, or increase in median house value, The Hill,2300 has racked up an average of 36.89% over the period. This ranks it number 48th in the whole country for real estate investors looking at median house price increases.
Using the current median advertised rental of $692.5 and the average annual increase in value of a median property of 9.66%, investors should hope to achieve an overall return of 2.16%
The Hill, 2300 ranked 96th in NSW when comparing growth in median property values or capital gain over the last 12 months. The Hill is one of 3163 in our list for NSW
The Hill,2300 was ranked 1006 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in The Hill are currently offering property investors an average price cut of -3.15% below the asking price at the moment.
On average over the past year, suburb has had 4.50 sales per month, which equates to 54 per year.
A $360 per week rent on the median house gives suburb investors a gross yield of circa 3.72%, without taking into account capital value appreciation, which has been averaging out at 7.73%.