Investment property in Sheffield has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.62%
Taking the average capital gain, or increase in median house value, Sheffield,7306 has racked up an average of 10.62% over the period. This ranks it number 3818th in the whole country for real estate investors looking at median house price increases.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.05% offered to property buyers. Sellers in Sheffield itself are offering an average vendor discount of -9.55% to real estate investors.
Using the current median advertised rental of $255 and the average annual increase in value of a median property of 4.54%, investors should hope to achieve an overall return of 5.54%