Fairy Meadow is in the TOP 20% in NSW when comparing median price capital growth over the last year. Fairy Meadow gave property investors a very good capital gain figure when compared to the rest of the state, with 21.56%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Fairy Meadow has increased when compared to the 5 year average annual rate.
Vendor discounting in Fairy Meadow is giving property investors an average Vendor Discount of around -2.40%. This puts suburb at number 1164th in NSW when ranking the most discounted suburbs.
In the last year 71 properties changed hands in Fairy Meadow, which puts it as the 463th most active market in NSW when comparing the number of sales per suburb.
Using the current median advertised rental of $505 and the average annual increase in value of a median property of 8.82%, investors should hope to achieve an overall return of 3.13%
Investment property in Fairy Meadow has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 29.01%
Over the longer term, Fairy Meadow has seen property prices show investors a 46.15% return over the last 3 years. This is worse than over the last 12 months
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.12% offered to property buyers. Sellers in Fairy Meadow itself are offering an average vendor discount of -2.79% to real estate investors.
Using the current median advertised rental of $400 and the average annual increase in value of a median property of 10.38%, investors should hope to achieve an overall return of 3.98%