NSW has seen average median house prices change by 0.62% which means that Padstow, 2211 has done well for property investors by showing a capital gain of -10.57% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Padstow comes in at number 1133th in NSW.
Padstow, 2211 is offering NSW ‘s 186th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this NSW.
Often selling an investment property can take time, and in Padstow the average time real estate has been on the market is 54.46 days.
Situated 18.98km from the CBD, Padstow is one of Canterbury-Bankstown (A) localities in the postcode 2211.
Padstow, 2211 ranked 525th in NSW when comparing growth in median property values or capital gain over the last 12 months. Padstow is one of 3163 in our list for NSW
Over the longer term, Padstow has seen property prices show investors a -0.76% return over the last 3 years. This is worse than over the last 12 months
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Padstow, 2211. Typically our figures indicate that -9.21% is being offered, which puts this NSW suburb at 58th most discounted overall in Australia.
Residents and property investors in Padstow have been waiting around 58.76 days to sell a property.
The NSW suburb of Padstow, 2211 is in the Canterbury-Bankstown (A) local government area.
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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.