With a capital gain of 9.51% for the last 12 months, Shortland, 2307 has performed for property investments than its average annual 4.95% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Shortland has given property investors a paper return of 1.65%. This puts Suburb as 858 on a list of fastest fasting appreciating suburbs in NSW
Our latest figures would indicate that property sellers in Shortland are currently offering property investors an average price cut of -3.14% below the asking price at the moment.
Often selling an investment property can take time, and in Shortland the average time real estate has been on the market is 48.17 days.
Using the current median advertised rental of $365 and the average annual increase in value of a median property of 4.95%, investors should hope to achieve an overall return of 4.74%
Shortland has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -4.52% to date .
At number 378th of NSW’s most discounted properties, Shortland is in the TOP 20% of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 2.17 sales per month, which equates to 26 per year.
A $420 per week rent on the median house gives suburb investors a gross yield of circa 5.51%, without taking into account capital value appreciation, which has been averaging out at -0.25%.