Austinmer has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 9.09% to date .
Taking the average capital gain, or increase in median house value, Austinmer,2515 has racked up an average of 9.09% over the period. This ranks it number 361th in the whole country for real estate investors looking at median house price increases.
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 Austinmer itself are offering an average vendor discount of -8.91% to real estate investors.
Often selling an investment property can take time, and in Austinmer the average time real estate has been on the market is 65.06 days.
With the median price for a house in Austinmer being $1200000 and the advertised rent reaching $700 the gross rental yield for property investors calculates out to be 3.03%
Property value increases in Austinmer have tracked just lower than the NSW average of 5.41% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Austinmer has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Austinmer is offering property investors an average of -4.42. This rate of discount on properties puts Suburb at number 453th in terms of most discounted suburbs in NSW
Renters in Suburb are facing rents around $6720 per annum or $560 every week.