NSW has seen average median house prices change by 7.15% which means that Cambridge Park, 2747 has done well for property investors by showing a capital gain of 5.66% over the last year
Taking the average capital gain, or increase in median house value, Cambridge Park,2747 has racked up an average of 5.66% over the period. This ranks it number 166th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Cambridge Park should be aiming for at least -4.16% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 118 properties changed hands in Cambridge Park, which puts it as the 202th most active market in NSW when comparing the number of sales per suburb.
A $410 per week rent on the median house gives suburb investors a gross yield of circa 3.81%, without taking into account capital value appreciation, which has been averaging out at 7.50%.
At number 1342th in the list of Australian suburbs ordered by increase in median house value over the last year, Cambridge Park, 2747 is in the BOTTOM 30% with a property value increase of -3.65% recorded in median house prices.
Across a shorter period, Cambridge Park, 2747 has seen a median price increase of -5.33% over the last quarter.
Sellers are offering property buyers an average discount of -4.85% to buyers in Cambridge Park at the moment, which is less than average for the rest of NSW.
On average over the past year, suburb has had 2.50 sales per month, which equates to 30 per year.
Using the current median advertised rental of $380 and the average annual increase in value of a median property of 4.81%, investors should hope to achieve an overall return of 4.54%