Suffolk Park, 2481 ranked 480th in NSW when comparing growth in median property values or capital gain over the last 12 months. Suffolk Park is one of 3163 in our list for NSW
Suffolk Park,2481 was ranked 685 in Australia by increase in median property value over the quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.49% offered to property buyers. Sellers in Suffolk Park itself are offering an average vendor discount of -4.39% to real estate investors.
Using the current median advertised rental of $700 and the average annual increase in value of a median property of 5.79%, investors should hope to achieve an overall return of 3.83%
Over the last year, property investments in Suffolk Park, 2481 have given investors a capital gain of 14.17%. This compares very favourably with the 6.07% for NSW as a whole.
Taking the average capital gain, or increase in median house value, Suffolk Park,2481 has racked up an average of 14.17% over the period. This ranks it number 93th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Suffolk Park 2481 should be seeing an average reduction in asking price of around -3.97% . This means that Suffolk Park is holding prices well when compared to other suburbs in NSW.
On average over the past year, suburb has had 2.92 sales per month, which equates to 35 per year.
Suffolk Park, 2481’s gross rental yield is 4.93%