Investment property in Picton has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 12.54%
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.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Picton, 2571. Typically our figures indicate that -5.64% is being offered, which puts this NSW suburb at 1948th most discounted overall in Australia.
The NSW suburb of Picton, 2571 is in the Wollondilly local government area.
Over the last year, property investments in Picton, 2571 have given investors a capital gain of 20.74%. This compares very favourably with the 6.96% for NSW as a whole.
A $380 per week rent on the median house gives suburb investors a gross yield of circa 5.47%, without taking into account capital value appreciation, which has been averaging out at 9.44%.