With a capital gain of 8.15% for the last 12 months, Picton, 2571 has performed for property investments than its average annual 6.19% property growth over the last 5 years.
While Picton,2571 ranked number 1070th in NSW for increase in median house value (annualised) increase, it is ranked 572th over the last 5 years.
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 -5.15% is being offered, which puts this NSW suburb at 2137th most discounted overall in Australia.
In the last year 101 properties changed hands in Picton, which puts it as the 291th most active market in NSW when comparing the number of sales per suburb.
Situated 60.66km from the CBD, Picton is one of Wollondilly localities in the postcode 2571.
If you compare the increase in value of investment property in Picton, 2571 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 27.09%.
Our latest figures would indicate that property sellers in Picton are currently offering property investors an average price cut of -2.78% below the asking price at the moment.
In the last year 15 properties changed hands in Picton, which puts it as the 514th most active market in NSW when comparing the number of sales per suburb.
Using the current median advertised rental of $370 and the average annual increase in value of a median property of 5.62%, investors should hope to achieve an overall return of 5.06%