St Marys has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 3.45% to date .
While St Marys,2760 ranked number 743th in NSW for increase in median house value (annualised) increase, it is ranked 223th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that St Marys is offering property investors an average of -5.45. This rate of discount on properties puts Suburb at number 219th in terms of most discounted suburbs in NSW
A $392.5 per week rent on the median house gives suburb investors a gross yield of circa 3.40%, without taking into account capital value appreciation, which has been averaging out at 8.79%.
NSW has seen average median house prices change by 6.22% which means that St Marys, 2760 has done well for property investors by showing a capital gain of 3.98% over the last year
Across a shorter period, St Marys, 2760 has seen a median price increase of 0.00% over the last quarter.
St Marys, 2760 is offering NSW ‘s 246th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this NSW.
With the median price for a house in St Marys being $470000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 4.20%