Investment property in Dulwich Hill 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 6.58%
Over the longer term, Dulwich Hill has seen property prices show investors a 17.91% return over the last 3 years. This is worse than over the last 12 months
Residents and property investors in Dulwich Hill have been waiting around 41.6 days to sell a property.
A $750 per week rent on the median house gives suburb investors a gross yield of circa 2.47%, without taking into account capital value appreciation, which has been averaging out at 8.21%.
Dulwich Hill has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of -0.66% to date .
Across a shorter period, Dulwich Hill, 2203 has seen a median price increase of 6.36% over the last quarter.
Property investors looking for a bargain in Dulwich Hill should be aiming for at least -5.31% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 10.67 sales per month, which equates to 128 per year.
Using the current median advertised rental of $495 and the average annual increase in value of a median property of 5.93%, investors should hope to achieve an overall return of 3.42%
Information supplied by:
Median House Price: $1,475,000
Current Yield (houses): 2.8%
Average annual growth (houses): 8.2%
Median Unit Price: $710k
Current Yield (units): 3.8%
Average annual growth (units): 6.6%
Tucked comfortably to Sydney’s CBD, Dulwich Hill is making impressive strides, with house values tracking an annual growth rate of 8.2%.
Director of Metropole Property Strategists, Michael Yardney, says that the suburb has a vibrant village feel with peaceful tree-lined streets on offer.
“Being connected to the CBD by light rail, it is hugely popular with young professional couples looking to reside in inner city living, closer to all amenities,” Yardney shares.
“Property investors and home buyers in Dulwich Hill usually go for one and two bedroom apartments, especially with district views in smaller boutique blocks.”