Giving property investors a an average capital gain of 4.78% for the last year, Austinmer, 2515 is the 2128th highest performer in Australia in this respect.
While Austinmer,2515 ranked number 1070th in NSW for increase in median house value (annualised) increase, it is ranked 787th over the last 5 years.
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 -11.89% to real estate investors.
At number 1171 in a list of fastest selling suburbs, Austinmer is in the TOP 40% of suburbs in Australia with an average of days on market 64 for properties listed there.
A $687.5 per week rent on the median house gives suburb investors a gross yield of circa 2.97%, without taking into account capital value appreciation, which has been averaging out at 7.19%.
Investment property in Austinmer has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.28%
LACK OF BUYER INTEREST may well be the reason that Austinmer is offering property investors an average of -4.33. This rate of discount on properties puts Suburb at number 446th in terms of most discounted suburbs in NSW
In the last year 23 properties changed hands in Austinmer, which puts it as the 434th most active market in NSW when comparing the number of sales per suburb.
Advertised rents are around the $600 mark per week – giving a return of 4.23% based on the median price in Suburb