NSW has seen average median house prices change by 11.06% which means that Mittagong, 2575 has done well for property investors by showing a capital gain of 9.02% over the last year
Taking the average capital gain, or increase in median house value, Mittagong,2575 has racked up an average of 9.02% over the period. This ranks it number 225th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Mittagong are currently offering property investors an average price cut of -4.66% below the asking price at the moment.
At number 1434 in a list of fastest selling suburbs, Mittagong is in the TOP 40% of suburbs in Australia with an average of days on market 64.93 for properties listed there.
Using the current median advertised rental of $495 and the average annual increase in value of a median property of 7.46%, investors should hope to achieve an overall return of 3.63%
Investment property in Mittagong has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -26.35%
If we look at median property appreciation over just the last three months, Mittagong has given property investors a paper return of -1.28%. This puts Suburb as 465 on a list of fastest fasting appreciating suburbs in NSW