Investment property in Stanhope Gardens has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.72%
Stanhope Gardens,2768 was ranked 1895 in Australia by increase in median property value over the quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.50% offered to property buyers. Sellers in Stanhope Gardens itself are offering an average vendor discount of -4.55% to real estate investors.
On average over the past year, suburb has had 11.17 sales per month, which equates to 134 per year.
Using the current median advertised rental of $600 and the average annual increase in value of a median property of 6.33%, investors should hope to achieve an overall return of 3.63%