If you compare the increase in value of investment property in Westdale, 2340 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was 1.60%.
If we look at median property appreciation over just the last three months, Westdale has given property investors a paper return of 0.00%. This puts Suburb as 1000 on a list of fastest fasting appreciating suburbs in NSW
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.49% offered to property buyers. Sellers in Westdale itself are offering an average vendor discount of -4.87% to real estate investors.
On average over the past year, suburb has had 4.33 sales per month, which equates to 52 per year.
Using the current median advertised rental of $340 and the average annual increase in value of a median property of 2.79%, investors should hope to achieve an overall return of 5.57%