Figtree has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 11.40% to date .
If we look at median property appreciation over just the last three months, Figtree has given property investors a paper return of 1.73%. This puts Suburb as 846 on a list of fastest fasting appreciating suburbs in NSW
Figtree2525 is located in NSW which offers an average discount of -5.28% to property investors. Figtree itself is showing figures that indicate -3.82% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 13.33 sales per month, which equates to 160 per year.
Using the current median advertised rental of $520 and the average annual increase in value of a median property of 6.19%, investors should hope to achieve an overall return of 3.76%
Figtree is an average performer in NSW when comparing median price capital growth over the last year. Figtree gave property investors a average capital gain figure when compared to the rest of the state, with 8.89%.
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.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.16% offered to property buyers. Sellers in Figtree itself are offering an average vendor discount of -4.26% to real estate investors.
On average over the past year, suburb has had 2.58 sales per month, which equates to 31 per year.
Situated 68.85km from the CBD, Figtree is one of Wollongong localities in the postcode 2525.