Property value increases in Padstow have tracked close to the NSW average of 8.12% over the last 12 months.
Over the longer term, Padstow has seen property prices show investors a 30.12% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Padstow is giving property investors an average Vendor Discount of around -5.22%. This puts suburb at number 564th in NSW when ranking the most discounted suburbs.
Residents and property investors in Padstow have been waiting around 58.57 days to sell a property.
Using the current median advertised rental of $550 and the average annual increase in value of a median property of 9.21%, investors should hope to achieve an overall return of 2.65%
If you compare the increase in value of investment property in Padstow, 2211 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 4.63%.
The five-year average increase in median property values for Padstow,2211 has given property investors a potential capital gain of 48.54% across each of those five years.
Property investors looking for a bargain in Padstow should be aiming for at least -4.81% off the asking price, which is the average vendor discount being achieved at the moment.
At number 200 in a list of fastest selling suburbs, Padstow is in the TOP 20% of suburbs in Australia with an average of days on market 43.46 for properties listed there.
Advertised rents are around the $480 mark per week – giving a return of 3.51% based on the median price in Suburb
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