Property investors who have had real estate in Primbee, 2502 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 13.84%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Primbee has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Primbee are currently offering property investors an average price cut of -2.36% below the asking price at the moment.
A $420 per week rent on the median house gives suburb investors a gross yield of circa 3.43%, without taking into account capital value appreciation, which has been averaging out at 7.98%.