If you compare the increase in value of investment property in St Marys, 2760 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was 0.52%.
If we look at median property appreciation over just the last three months, St Marys has given property investors a paper return of 0.61%. This puts Suburb as 935 on a list of fastest fasting appreciating suburbs in NSW
The most recent median price for St Marys is $580500, with sellers offering an average of -5.81% off the asking price.
In the last year 172 properties changed hands in St Marys, which puts it as the 89th most active market in NSW when comparing the number of sales per suburb.
St Marys has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 8.14% to date .
While St Marys,2760 ranked number 225th in NSW for increase in median house value (annualised) increase, it is ranked 108th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that St Marys is offering property investors an average of -4.42. This rate of discount on properties puts Suburb at number 263th in terms of most discounted suburbs in NSW
Often selling an investment property can take time, and in St Marys the average time real estate has been on the market is 40.65 days.
With the median price for a house in St Marys being $465000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 4.25%