If you compare the increase in value of investment property in Barrack Heights, 2528 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 13.20%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Barrack Heights 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 -5.45% offered to property buyers. Sellers in Barrack Heights itself are offering an average vendor discount of -3.23% to real estate investors.
Using the current median advertised rental of $450 and the average annual increase in value of a median property of 6.75%, investors should hope to achieve an overall return of 4.26%
Property value increases in Barrack Heights have tracked higher than the NSW average of 6.22% over the last 12 months.
A 77.18% growth in median value for property investors in Barrack Heights,2528 puts this suburb at number 43th in terms of best performing suburbs in NSW
At number 370th of NSW’s most discounted properties, Barrack Heights is in the TOP 20% of the state/territory when listing in order of most discounted to least.
Often selling an investment property can take time, and in Barrack Heights the average time real estate has been on the market is 38.3 days.