NSW has seen average median house prices change by 6.38% which means that Picton, 2571 has done well for property investors by showing a capital gain of 8.73% over the last year
Taking the average capital gain, or increase in median house value, Picton,2571 has racked up an average of 8.73% over the period. This ranks it number 1127th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Picton is offering property investors an average of -5.50. This rate of discount on properties puts Suburb at number 665th in terms of most discounted suburbs in NSW
With the median price for a house in Picton being $685000 and the advertised rent reaching $440 the gross rental yield for property investors calculates out to be 3.34%