Giving property investors a a stable capital gain of 14.37% for the last year, Picton, 2571 is the 987th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Picton has given property investors a paper return of 1.74%. This puts Suburb as 708 on a list of fastest fasting appreciating suburbs in NSW
Our latest figures would indicate that property sellers in Picton are currently offering property investors an average price cut of -5.05% below the asking price at the moment.
At number 1408 in a list of fastest selling suburbs, Picton is in the TOP 40% of suburbs in Australia with an average of days on market 63.28 for properties listed there.
With the median price for a house in Picton being $760000 and the advertised rent reaching $470 the gross rental yield for property investors calculates out to be 3.22%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Picton has increased when compared to the 5 year average annual rate.
At number 251th of NSW’s most discounted properties, Picton is in the middle of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 1.58 sales per month, which equates to 19 per year.
Picton is 145th on a list of best yielding suburbs for rents in NSW with a 4.56% return