Investment property in Mount Druitt 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 4.77%
The five-year average increase in median property values for Mount Druitt,2770 has given property investors a potential capital gain of 89.17% across each of those five years.
Property buyers and investors in Mount Druitt 2770 should be seeing an average reduction in asking price of around -4.26% . This means that Mount Druitt is holding prices well when compared to other suburbs in NSW.
On average over the past year, suburb has had 9.83 sales per month, which equates to 118 per year.
Advertised rents are around the $420 mark per week – giving a return of 3.21% based on the median price in Suburb
With a capital gain of 5.20% for the last 12 months, Mount Druitt, 2770 has performed for property investments than its average annual 7.03% property growth over the last 5 years.
Across a shorter period, Mount Druitt, 2770 has seen a median price increase of 1.41% over the last quarter.
Property investors looking for a bargain in Mount Druitt should be aiming for at least -4.08% off the asking price, which is the average vendor discount being achieved at the moment.
Mount Druitt, 2770’s gross rental yield is 4.39%