Investment property in Mangerton has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.53%
Across a shorter period, Mangerton, 2500 has seen a median price increase of 3.21% over the last quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.28% offered to property buyers. Sellers in Mangerton itself are offering an average vendor discount of -5.35% to real estate investors.
Residents and property investors in Mangerton have been waiting around 55 days to sell a property.
A $630 per week rent on the median house gives suburb investors a gross yield of circa 4.00%, without taking into account capital value appreciation, which has been averaging out at 6.00%.
Mangerton is in the TOP 10% in NSW when comparing median price capital growth over the last year. Mangerton gave property investors a very good capital gain figure when compared to the rest of the state, with 44.65%.
While Mangerton,2500 ranked number 80th in NSW for increase in median house value (annualised) increase, it is ranked 1st over the last 5 years.
Property buyers and investors in Mangerton 2500 should be seeing an average reduction in asking price of around -3.83% . This means that Mangerton is holding prices well when compared to other suburbs in NSW.
A $335 per week rent on the median house gives suburb investors a gross yield of circa 2.48%, without taking into account capital value appreciation, which has been averaging out at 16.07%.