Sawtell is in the bottom 40% in NSW when comparing median price capital growth over the last year. Sawtell gave property investors a disappointing capital gain figure when compared to the rest of the state, with 5.56%.
Across a shorter period, Sawtell, 2452 has seen a median price increase of 0.26% over the last quarter.
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 Sawtell itself are offering an average vendor discount of -4.85% to real estate investors.
On average over the past year, suburb has had 5.42 sales per month, which equates to 65 per year.
If you compare the increase in value of investment property in Sawtell, 2452 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 17.23%.
Comparing Sawtell,2452 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that Sawtell is offering property investors an average of -4.45. This rate of discount on properties puts Suburb at number 275th in terms of most discounted suburbs in NSW
Advertised rents are around the $340 mark per week – giving a return of 4.75% based on the median price in Suburb