At number 708th in the list of Australian suburbs ordered by increase in median house value over the last year, Figtree, 2525 is in the top 20% with a property value increase of 12.77% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Figtree has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Figtree should be aiming for at least -4.45% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $495 mark per week – giving a return of 3.79% based on the median price in Suburb
Property value increases in Figtree have tracked higher than the NSW average of 5.41% over the last 12 months.
Figtree,2525 was ranked 830 in Australia by increase in median property value over the quarter.
Figtree2525 is located in NSW which offers an average discount of -4.42% to property investors. Figtree itself is showing figures that indicate -3.02% is the average achievable by property buyers investing in the suburb.
A $340 per week rent on the median house gives suburb investors a gross yield of circa 3.45%, without taking into account capital value appreciation, which has been averaging out at 5.37%.