Property value increases in Padstow have tracked close to the NSW average of 6.35% over the last 12 months.
Padstow,2211 has offered an average of 4.90% return per annum in house price rises to property investors over the last three years.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.76% offered to property buyers. Sellers in Padstow itself are offering an average vendor discount of -5.56% to real estate investors.
Residents and property investors in Padstow have been waiting around 55.09 days to sell a property.
A $560 per week rent on the median house gives suburb investors a gross yield of circa 2.77%, without taking into account capital value appreciation, which has been averaging out at 8.71%.
Padstow is in the bottom 20% in NSW when comparing median price capital growth over the last year. Padstow gave property investors a dismal capital gain figure when compared to the rest of the state, with -6.68%.
Padstow,2211 has offered an average of -6.68% return per annum in house price rises to property investors over the last three years.
At number 159th of NSW’s most discounted properties, Padstow is in the bottom 40% of the state/territory when listing in order of most discounted to least.
Renters in Suburb are facing rents around $6000 per annum or $500 every week.
Bounded by Salt Pan Creek and the M5 motorway, the suburb of Padstow is a highly accessible suburb just 22km from the Sydney CBDFull summary
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Accessibility draws unit buyers
Median unit price: $777,500
Three-year growth: 46.7%
Rental yield: 3.3%
Bounded by Salt Pan Creek and the M5 motorway, the suburb of Padstow is a highly accessible suburb just 22km from the Sydney CBD.
The unit market here has seen significant growth over the past five years, with an average annual growth rate of 7.8% leading up to November 2017. Apartments spent an average of just 53 days on the market, indicating considerable demand from buyers.
Padstow has many amenities, including several public schools, a private primary school and a special needs school. A shopping centre is located near the local railway station and several shops scattered throughout the suburb. Padstow station is a stop along the Sydney Trains Airport, Inner West and South Line. There are also several buses linking to Bankstown, Milperra and Parramatta.Close