Property investors who have had real estate in Suffolk Park, 2481 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 16.45%
If we look at median property appreciation over just the last three months, Suffolk Park has given property investors a paper return of 5.99%. This puts Suburb as 176 on a list of fastest fasting appreciating suburbs in NSW
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.55% offered to property buyers. Sellers in Suffolk Park itself are offering an average vendor discount of -5.03% to real estate investors.
At number 1828 in a list of fastest selling suburbs, Suffolk Park is just in the top half of suburbs in Australia with an average of days on market 78.06 for properties listed there.
Advertised rents are around the $660 mark per week – giving a return of 3.88% based on the median price in Suburb
Property value increases in Suffolk Park have tracked just higher than the NSW average of 6.92% over the last 12 months.
A 31.25% growth in median value for property investors in Suffolk Park,2481 puts this suburb at number 123th in terms of best performing suburbs in NSW
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 Suffolk Park, 2481. Typically our figures indicate that -5.39% is being offered, which puts this NSW suburb at 618th most discounted overall in Australia.
Often selling an investment property can take time, and in Suffolk Park the average time real estate has been on the market is 37.21 days.
Using the current median advertised rental of $595 and the average annual increase in value of a median property of 5.38%, investors should hope to achieve an overall return of 4.91%