Over the last year, property investments in Sawtell, 2452 have given investors a capital gain of 7.25%. This compares very favourably with the 0.15% for NSW as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Sawtell comes in at number 107th in NSW.
Vendor discounting in Sawtell is giving property investors an average Vendor Discount of around -6.90%. This puts suburb at number 339th in NSW when ranking the most discounted suburbs.
Property investors should expect to get $450 weekly from the median priced house in this suburb.
Sawtell is in the bottom 10% in NSW when comparing median price capital growth over the last year. Sawtell gave property investors a dismal capital gain figure when compared to the rest of the state, with -20.51%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Sawtell has increased when compared to the 5 year average annual rate.
Property buyers and investors in Sawtell 2452 should be seeing an average reduction in asking price of around -5.39% . This means that Sawtell is holding prices well when compared to other suburbs in NSW.
Often selling an investment property can take time, and in Sawtell the average time real estate has been on the market is 67.4348 days.
With the median price for a house in Sawtell being $429250 and the advertised rent reaching $320 the gross rental yield for property investors calculates out to be 3.88%
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Sawtell, NSW – Ideal for adventurers
Median unit price: $500,000
Three-year growth: 46%
Rental yield: 4%
A picturesque destination located on the beautiful Coffs Coast of NSW, the suburb of Sawtell aims to please both nature lovers and watersports enthusiasts.
Bongil National Park is a koala paradise where visitors can get up close and personal with the Australia icon, and whale watching is a popular activity, along with kayaking along Bonville Creek and surfing at Sawtell Beach. The fresh produce in the area is highlighted every year in July during the famous Sawtell Chilli Festival, which also has rides set up for a fun family day.