Over the last year, property investments in Green Point, 2428 have given investors a capital gain of -0.55%. This compares very badly with the 7.28% 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 Green Point has increased when compared to the 5 year average annual rate.
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 Green Point itself are offering an average vendor discount of -5.07% to real estate investors.
Often selling an investment property can take time, and in Green Point the average time real estate has been on the market is 97.56 days.