If you compare the increase in value of investment property in Pottsville, 2489 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 14.30%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Pottsville has increased when compared to the 5 year average annual rate.
The most recent median price for Pottsville is $627500, with sellers offering an average of -2.88% off the asking price.
Advertised rents are around the $542.5 mark per week – giving a return of 4.50% based on the median price in Suburb
Investment property in Pottsville has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 12.93%
When looking at the potential capital gains offered to property investors over the last 3 years, Pottsville comes in at number 363th in NSW.
LACK OF BUYER INTEREST may well be the reason that Pottsville is offering property investors an average of -4.23. This rate of discount on properties puts Suburb at number 439th in terms of most discounted suburbs in NSW
Situated 439.32km from the CBD, Pottsville is one of Tweed localities in the postcode 2489.