Property investors who have had real estate in Sydenham, 3037 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 16.51%
Over the longer term, Sydenham has seen property prices show investors a 19.29% return over the last 3 years. This is worse than over the last 12 months
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.03% offered to property buyers. Sellers in Sydenham itself are offering an average vendor discount of -3.47% to real estate investors.
In the last year 83 properties changed hands in Sydenham, which puts it as the 307th most active market in VIC when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $4320 per annum or $360 every week.
Investment property in Sydenham has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.82%
Taking the average capital gain, or increase in median house value, Sydenham,3037 has racked up an average of 10.82% over the period. This ranks it number 817th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Sydenham is giving property investors an average Vendor Discount of around -6.10%. This puts suburb at number 79th in VIC when ranking the most discounted suburbs.