If you compare the increase in value of investment property in Allawah, 2218 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -17.27%.
When looking at the potential capital gains offered to property investors over the last 3 years, Allawah comes in at number 1269th in NSW.
Advertised rents are around the $600 mark per week – giving a return of 2.71% based on the median price in Suburb
NSW has seen average median house prices change by -4.02% which means that Allawah, 2218 has not done well for property investors by showing a capital gain of -6.25% over the last year
Allawah,2218 was ranked 1154 in Australia by increase in median property value over the quarter.
The most recent median price for Allawah is $629500, with sellers offering an average of -5.68% off the asking price.
Often selling an investment property can take time, and in Allawah the average time real estate has been on the market is 57.9268 days.
With the median price for a house in Allawah being $629500 and the advertised rent reaching $480 the gross rental yield for property investors calculates out to be 3.97%
Information supplied by:
Allawah, NSW – Prices fall in south Sydney suburb
Median unit price: $634,500
Three-year growth: -5.2%
Rental yield: 3.9%
Roughly 30 minutes’ drive south of the Sydney CBD is Allawah, a small, landlocked suburb that is highly accessible, thanks to its public transport options. Its name is an Aboriginal term that aptly means, “make your abode here”. However, this abode has seen some decline, with price falling by 5.2% in the three years to June 2019.
The local railway station is a stop along the Illawarra line of the Sydney Trains network, and the suburb’s main shopping hub is located beside the station on Railway Parade. This hub has a grocery store, takeaways and a hotel. St Raphaels Catholic Church is one of Allawah’s main features, as is the Southern Sydney Synagogue.