Over the last year, property investments in Picton, 2571 have given investors a capital gain of 9.42%. This compares averagely with the 8.99% for NSW as a whole.
Taking the average capital gain, or increase in median house value, Picton,2571 has racked up an average of 9.42% over the period. This ranks it number 723th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Picton are currently offering property investors an average price cut of -3.82% below the asking price at the moment.
Using the current median advertised rental of $450 and the average annual increase in value of a median property of 4.99%, investors should hope to achieve an overall return of 3.53%
If you compare the increase in value of investment property in Picton, 2571 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -21.32%.
While Picton,2571 ranked number 469th in NSW for increase in median house value (annualised) increase, it is ranked 456th over the last 5 years.
Advertised rents are around the $330 mark per week – giving a return of 5.74% based on the median price in Suburb