Property investors who have had real estate in Springwood, 2777 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 16.07%
The five-year average increase in median property values for Springwood,2777 has given property investors a potential capital gain of 60.49% across each of those five years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.49% offered to property buyers. Sellers in Springwood itself are offering an average vendor discount of -4.19% to real estate investors.
Renters in Suburb are facing rents around $5580 per annum or $465 every week.
With a capital gain of 32.46% for the last 12 months, Springwood, 2777 has performed for property investments than its average annual 7.16% property growth over the last 5 years.
Springwood,2777 was ranked 302 in Australia by increase in median property value over the quarter.
Springwood2777 is located in NSW which offers an average discount of -4.33% to property investors. Springwood itself is showing figures that indicate -2.48% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 1.33 sales per month, which equates to 16 per year.
Using the current median advertised rental of $380 and the average annual increase in value of a median property of 7.16%, investors should hope to achieve an overall return of 3.56%