Investment property in Pymble 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 3.20%
A 52.97% growth in median value for property investors in Pymble,2073 puts this suburb at number 154th in terms of best performing suburbs in NSW
Property buyers and investors in Pymble 2073 should be seeing an average reduction in asking price of around -4.80% . This means that Pymble is holding prices well when compared to other suburbs in NSW.
On average over the past year, suburb has had 8.17 sales per month, which equates to 98 per year.
Using the current median advertised rental of $1200 and the average annual increase in value of a median property of 8.23%, investors should hope to achieve an overall return of 2.58%
Property value increases in Pymble have tracked close to the NSW average of -3.83% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Pymble has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Pymble is offering property investors an average of -6.91. This rate of discount on properties puts Suburb at number 152th in terms of most discounted suburbs in NSW
Residents and property investors in Pymble have been waiting around 56.1724 days to sell a property.
Information supplied by:
Pymble, NSW – House and unit supply soars
Median unit price: $885,000
Stock on market: 18.5%
12-month growth: -1%
A suburb that offers views of the Chatswood skyline via Pymble Hill, the suburb of Pymble is ideal for buyers who are looking for a simple, relaxed suburban lifestyle. Supply has recently risen by 18.5%, which accommodates more residents.
Pymble attracts many elderly residents, and many aged-care homes are being constructed here. It is also attractive to established two-income families, being close to exclusive private schools like Pymble Ladies College. The Pymble train station is well-used and transports many of the suburb’s residents to the CBD for work, and the way it facilitates easy travel to Sydney is one of Pymble’s main draws. More than a station, it also contains a shopping precinct.