Scone is in the bottom 10% in NSW when comparing median price capital growth over the last year. Scone gave property investors a dismal capital gain figure when compared to the rest of the state, with -5.07%.
While Scone,2337 ranked number 344th in NSW for increase in median house value (annualised) increase, it is ranked 1170th over the last 5 years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.52% offered to property buyers. Sellers in Scone itself are offering an average vendor discount of -11.39% to real estate investors.
Using the current median advertised rental of $300 and the average annual increase in value of a median property of 2.69%, investors should hope to achieve an overall return of 4.76%