NSW has seen average median house prices change by 10.13% which means that Shortland, 2307 has done well for property investors by showing a capital gain of 9.33% over the last year
While Shortland,2307 ranked number 735th in NSW for increase in median house value (annualised) increase, it is ranked 907th over the last 5 years.
Property buyers and investors in Shortland 2307 should be seeing an average reduction in asking price of around -4.67% . This means that Shortland is holding prices well when compared to other suburbs in NSW.
Using the current median advertised rental of $372.5 and the average annual increase in value of a median property of 5.48%, investors should hope to achieve an overall return of 4.72%
Property investors who have had real estate in Shortland, 2307 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -3.73%
When looking at the potential capital gains offered to property investors over the last 3 years, Shortland comes in at number 542th in NSW.
Our latest figures would indicate that property sellers in Shortland are currently offering property investors an average price cut of -4.63% 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 66.1 days.
With the median price for a house in Shortland being $393750 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 5.55%