With a capital gain of 16.68% for the last 12 months, Sydenham, 3037 has performed for property investments than its average annual 6.99% property growth over the last 5 years.
While Sydenham,3037 ranked number 61th in VIC for increase in median house value (annualised) increase, it is ranked 349th over the last 5 years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.26% offered to property buyers. Sellers in Sydenham itself are offering an average vendor discount of -2.03% to real estate investors.
Using the current median advertised rental of $370 and the average annual increase in value of a median property of 6.99%, investors should hope to achieve an overall return of 3.44%
With a capital gain of 1.41% for the last 12 months, Sydenham, 3037 has performed for property investments than its average annual 4.43% property growth over the last 5 years.
Comparing Sydenham,3037 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in Sydenham 3037 should be seeing an average reduction in asking price of around -3.72% . This means that Sydenham is holding prices well when compared to other suburbs in VIC.
Often selling an investment property can take time, and in Sydenham the average time real estate has been on the market is 79.56 days.
Sydenham is 59th on a list of best yielding suburbs for rents in VIC with a 5.16% return