NSW has seen average median house prices change by 7.47% which means that Metford, 2323 has done well for property investors by showing a capital gain of -0.99% over the last year
The five-year average increase in median property values for Metford,2323 has given property investors a potential capital gain of 9.38% across each of those five years.
Metford, 2323 is offering NSW ‘s 821th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this NSW.
At number 1047 in a list of fastest selling suburbs, Metford is in the TOP 30% of suburbs in Australia with an average of days on market 62.38 for properties listed there.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 5.20%, without taking into account capital value appreciation, which has been averaging out at 2.63%.
Over the last year, property investments in Metford, 2323 have given investors a capital gain of 7.33%. This compares averagely with the 5.88% for NSW as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Metford has fallen somewhat when compared to the 5 year average annual rate.
On average over the past year, suburb has had 1.08 sales per month, which equates to 13 per year.
Metford, 2323’s gross rental yield is 5.32%