Investment property in Londonderry has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 31.20%
Taking the average capital gain, or increase in median house value, Londonderry,2753 has racked up an average of 31.20% over the period. This ranks it number 63th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Londonderry should be aiming for at least -6.75% off the asking price, which is the average vendor discount being achieved at the moment.
At number 1188 in a list of fastest selling suburbs, Londonderry is in the TOP 40% of suburbs in Australia with an average of days on market 63.37 for properties listed there.