If you compare the increase in value of investment property in Singleton, 2330 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -11.11%.
When looking at the potential capital gains offered to property investors over the last 3 years, Singleton comes in at number 1346th in NSW.
LACK OF BUYER INTEREST may well be the reason that Singleton is offering property investors an average of -5.53. This rate of discount on properties puts Suburb at number 110th in terms of most discounted suburbs in NSW
With the median price for a house in Singleton being $300000 and the advertised rent reaching $340 the gross rental yield for property investors calculates out to be 5.89%
At number 989th in the list of Australian suburbs ordered by increase in median house value over the last year, Singleton, 2330 is in the BOTTOM 50% with a property value increase of 1.65% recorded in median house prices.
While Singleton,2330 ranked number 359th in NSW for increase in median house value (annualised) increase, it is ranked 488th over the last 5 years.
Vendor discounting in Singleton is giving property investors an average Vendor Discount of around -6.18%. This puts suburb at number 63th in NSW when ranking the most discounted suburbs.
Residents and property investors in Singleton have been waiting around 158.9 days to sell a property.