Property investors who have had real estate in Pottsville, 2489 should be relatively 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 10.78%
Over the longer term, Pottsville has seen property prices show investors a 18.95% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for Pottsville is $565000, with sellers offering an average of -2.80% off the asking price.
Often selling an investment property can take time, and in Pottsville the average time real estate has been on the market is 77 days.
Property investors should expect to get $525 weekly from the median priced house in this suburb.
Giving property investors a an average capital gain of 2.73% for the last year, Pottsville, 2489 is the 891th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Pottsville has given property investors a paper return of 1.41%. This puts Suburb as 207 on a list of fastest fasting appreciating suburbs in NSW
LACK OF BUYER INTEREST may well be the reason that Pottsville is offering property investors an average of -4.48. This rate of discount on properties puts Suburb at number 412th in terms of most discounted suburbs in NSW
At number 834 in a list of fastest selling suburbs, Pottsville is just in the bottom half of suburbs in Australia with an average of days on market 81.55 for properties listed there.
With the median price for a house in Pottsville being $395500 and the advertised rent reaching $390 the gross rental yield for property investors calculates out to be 5.13%