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 -3.60%.
While Padstow,2211 ranked number 1237th in NSW for increase in median house value (annualised) increase, it is ranked 595th over the last 5 years.
Padstow2211 is located in NSW which offers an average discount of -5.93% to property investors. Padstow itself is showing figures that indicate -5.53% is the average achievable by property buyers investing in the suburb.
Using the current median advertised rental of $560 and the average annual increase in value of a median property of 8.47%, investors should hope to achieve an overall return of 2.86%
Giving property investors a a poor capital gain of -11.95% for the last year, Padstow, 2211 is the 1583th highest performer in Australia in this respect.
Padstow,2211 was ranked 1257 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Padstow is offering property investors an average of -4.96. This rate of discount on properties puts Suburb at number 347th in terms of most discounted suburbs in NSW
Situated 18.32km from the CBD, Padstow is one of Bankstown localities in the postcode 2211.
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