With a capital gain of 5.19% for the last 12 months, Shortland, 2307 has performed for property investments than its average annual 4.53% property growth over the last 5 years.
The five-year average increase in median property values for Shortland,2307 has given property investors a potential capital gain of 22.58% across each of those five years.
Our latest figures would indicate that property sellers in Shortland are currently offering property investors an average price cut of -3.46% below the asking price at the moment.
On average over the past year, suburb has had 5.83 sales per month, which equates to 70 per year.
Using the current median advertised rental of $360 and the average annual increase in value of a median property of 4.53%, investors should hope to achieve an overall return of 4.93%
Investment property in Shortland 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 -3.16%
Shortland,2307 has offered an average of -3.16% return per annum in house price rises to property investors over the last three years.
Sellers are offering property buyers an average discount of -1.52% to buyers in Shortland at the moment, which is less than average for the rest of NSW.
Renters in Suburb are facing rents around $5040 per annum or $420 every week.