Over the last year, property investments in Austinmer, 2515 have given investors a capital gain of -1.74%. This compares very badly with the 6.38% for NSW as a whole.
Austinmer,2515 was ranked 613 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -9.66% to buyers in Austinmer at the moment, which is less than average for the rest of NSW.
On average over the past year, suburb has had 2.75 sales per month, which equates to 33 per year.
Advertised rents are around the $695 mark per week – giving a return of 3.20% based on the median price in Suburb
Property investors who have had real estate in Austinmer, 2515 should be ok 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 2.25%
While Austinmer,2515 ranked number 121th in NSW for increase in median house value (annualised) increase, it is ranked 251th over the last 5 years.
Our latest figures would indicate that property sellers in Austinmer are currently offering property investors an average price cut of -1.87% below the asking price at the moment.
In the last year 18 properties changed hands in Austinmer, which puts it as the 460th most active market in NSW when comparing the number of sales per suburb.
Using the current median advertised rental of $560 and the average annual increase in value of a median property of 5.12%, investors should hope to achieve an overall return of 3.88%