Schofields has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 19.78% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Schofields has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Schofields is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 233th in terms of most discounted suburbs in NSW
A $500 per week rent on the median house gives suburb investors a gross yield of circa 3.26%, without taking into account capital value appreciation, which has been averaging out at 8.68%.
At number 409th in the list of Australian suburbs ordered by increase in median house value over the last year, Schofields, 2762 is in the top 30% with a property value increase of 9.76% recorded in median house prices.
Using the current median advertised rental of $530 and the average annual increase in value of a median property of 8.59%, investors should hope to achieve an overall return of 4.08%