NSW has seen average median house prices change by 10.13% which means that South West Rocks, 2431 has done well for property investors by showing a capital gain of 6.13% over the last year
South West Rocks,2431 was ranked 2387 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -4.54% to buyers in South West Rocks at the moment, which is less than average for the rest of NSW.
A $360 per week rent on the median house gives suburb investors a gross yield of circa 4.70%, without taking into account capital value appreciation, which has been averaging out at 1.82%.
South West Rocks has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 17.28% to date .
Over the longer term, South West Rocks has seen property prices show investors a 16.33% return over the last 3 years. This is an improvement over the last 12 months
Vendor discounting in South West Rocks is giving property investors an average Vendor Discount of around -4.26%. This puts suburb at number 194th in NSW when ranking the most discounted suburbs.
Often selling an investment property can take time, and in South West Rocks the average time real estate has been on the market is 115.48 days.
Using the current median advertised rental of $315 and the average annual increase in value of a median property of 1.33%, investors should hope to achieve an overall return of 5.75%