Crestwood has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 3.76% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Crestwood has increased when compared to the 5 year average annual rate.
Property buyers and investors in Crestwood 2620 should be seeing an average reduction in asking price of around -2.94% . This means that Crestwood is holding prices well when compared to other suburbs in NSW.
Crestwood is in the bottom 10% in NSW when comparing median price capital growth over the last year. Crestwood gave property investors a dismal capital gain figure when compared to the rest of the state, with -17.14%.
Across a shorter period, Crestwood, 2620 has seen a median price increase of 7.53% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Crestwood is offering property investors an average of -4.23. This rate of discount on properties puts Suburb at number 114th in terms of most discounted suburbs in NSW
Using the current median advertised rental of $250 and the average annual increase in value of a median property of 4.12%, investors should hope to achieve an overall return of 5.60%