Over the last year, property investments in South West Rocks, 2431 have given investors a capital gain of 4.17%. This compares badly with the 8.99% for NSW as a whole.
Over the longer term, South West Rocks has seen property prices show investors a 12.44% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -4.48% to buyers in South West Rocks at the moment, which is less than average for the rest of NSW.
With the median price for a house in South West Rocks being $375000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 5.27%
South West Rocks has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 9.50% to date .
While South West Rocks,2431 ranked number 52th in NSW for increase in median house value (annualised) increase, it is ranked 386th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that South West Rocks is offering property investors an average of -4.45. This rate of discount on properties puts Suburb at number 105th in terms of most discounted suburbs in NSW
In the last year 51 properties changed hands in South West Rocks, which puts it as the 248th most active market in NSW when comparing the number of sales per suburb.
A $385 per week rent on the median house gives suburb investors a gross yield of circa 7.55%, without taking into account capital value appreciation, which has been averaging out at -0.12%.