Alstonville has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 1.65% to date .
While Alstonville,2477 ranked number 749th in NSW for increase in median house value (annualised) increase, it is ranked 1051th over the last 5 years.
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 Alstonville, 2477. Typically our figures indicate that -5.61% is being offered, which puts this NSW suburb at 2065th most discounted overall in Australia.
Property value increases in Alstonville have tracked just higher than the NSW average of 8.14% over the last 12 months.
If we look at median property appreciation over just the last three months, Alstonville has given property investors a paper return of 6.95%. This puts Suburb as 36 on a list of fastest fasting appreciating suburbs in NSW
Property investors looking for a bargain in Alstonville should be aiming for at least -3.99% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $295 mark per week – giving a return of 5.11% based on the median price in Suburb