If you compare the increase in value of investment property in Crestwood, 2620 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 5.20%.
While Crestwood,2620 ranked number 160th in NSW for increase in median house value (annualised) increase, it is ranked 1133th over the last 5 years.
The most recent median price for Crestwood is $465000, with sellers offering an average of -4.78% off the asking price.
At number 2791 in a list of fastest selling suburbs, Crestwood is in the bottom 30% of suburbs in Australia with an average of days on market 104.89 for properties listed there.
Advertised rents are around the $450 mark per week – giving a return of 5.03% based on the median price in Suburb
NSW has seen average median house prices change by 6.59% which means that Crestwood, 2620 has done well for property investors by showing a capital gain of -8.93% over the last year
Crestwood,2620 was ranked 1653 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Crestwood should be aiming for at least -5.35% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 74 properties changed hands in Crestwood, which puts it as the 196th most active market in NSW when comparing the number of sales per suburb.
A $240 per week rent on the median house gives suburb investors a gross yield of circa 4.71%, without taking into account capital value appreciation, which has been averaging out at 6.54%.