If you compare the increase in value of investment property in Turvey Park, 2650 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -4.90%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Turvey Park has increased when compared to the 5 year average annual rate.
The most recent median price for Turvey Park is $340000, with sellers offering an average of -6.85% off the asking price.
At number 2786 in a list of fastest selling suburbs, Turvey Park is in the bottom 30% of suburbs in Australia with an average of days on market 103.8 for properties listed there.
A $340 per week rent on the median house gives suburb investors a gross yield of circa 5.20%, without taking into account capital value appreciation, which has been averaging out at 2.65%.