At number 3366th in the list of Australian suburbs ordered by increase in median house value over the last year, Piccadilly, 6430 is in the BOTTOM 20% with a property value increase of -3.21% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Piccadilly,6430 has racked up an average of -3.21% over the period. This ranks it number 3877th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Piccadilly are currently offering property investors an average price cut of -8.59% below the asking price at the moment.
At number 2053 in a list of fastest selling suburbs, Piccadilly is just in the bottom half of suburbs in Australia with an average of days on market 83.79 for properties listed there.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 5.74%, without taking into account capital value appreciation, which has been averaging out at 2.69%.