With a capital gain of 10.22% for the last 12 months, Glenmore Park, 2745 has performed for property investments than its average annual 5.86% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Glenmore Park has increased when compared to the 5 year average annual rate.
Vendor discounting in Glenmore Park is giving property investors an average Vendor Discount of around -3.24%. This puts suburb at number 1085th in NSW when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Glenmore Park the average time real estate has been on the market is 34.47 days.
Glenmore Park is 700th on a list of best yielding suburbs for rents in NSW with a 3.59% return
If you compare the increase in value of investment property in Glenmore Park, 2745 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 8.92%.
Property investors looking for a bargain in Glenmore Park should be aiming for at least -3.74% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 39 properties changed hands in Glenmore Park, which puts it as the 297th most active market in NSW when comparing the number of sales per suburb.
Glenmore Park, 2745’s gross rental yield is 4.46%