If you compare the increase in value of investment property in Grafton, 2460 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 1.82%.
A 3.32% growth in median value for property investors in Grafton,2460 puts this suburb at number 823th in terms of best performing suburbs in NSW
Our latest figures would indicate that property sellers in Grafton are currently offering property investors an average price cut of -4.62% below the asking price at the moment.
Often selling an investment property can take time, and in Grafton the average time real estate has been on the market is 79.7 days.
Property investors should expect to get $312.5 weekly from the median priced house in this suburb.
At number 864th in the list of Australian suburbs ordered by increase in median house value over the last year, Grafton, 2460 is in the top half with a property value increase of 3.04% recorded in median house prices.
Over the longer term, Grafton has seen property prices show investors a 4.41% return over the last 3 years. This is worse than over the last 12 months
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Grafton, 2460. Typically our figures indicate that -3.36% is being offered, which puts this NSW suburb at 1250th most discounted overall in Australia.
A $255 per week rent on the median house gives suburb investors a gross yield of circa 5.59%, without taking into account capital value appreciation, which has been averaging out at 3.64%.