Investment property in Colyton has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -3.91%
If we look at median property appreciation over just the last three months, Colyton has given property investors a paper return of -1.36%. This puts Suburb as 839 on a list of fastest fasting appreciating suburbs in NSW
Our latest figures would indicate that property sellers in Colyton are currently offering property investors an average price cut of -6.91% below the asking price at the moment.
Often selling an investment property can take time, and in Colyton the average time real estate has been on the market is 52.32 days.
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Popular rental gem near Penrith
Median house price: $632,500
Vacancy rate: 2.0%
Three-year growth: 24.0%
A residential suburb of Sydney situated just near Penrith and around 43km to the centre of the city, Colyton offers a wide range of price-points and property types for investors looking to secure a piece of Sydney’s real estate market.
It is situated around five minutes’ drive from St Marys and Mt Druitt train stations, and has its own school, Colyton Primary School, for family tenants. For those landlords with a budget around the half-million dollar mark, Colyton could deliver the goods, offering three-bedroom duplexes and townhouses that are in high demand with renters. If you’re seeking high depreciation returns, a little over $600,000 in this suburb buys a brand new, modern, three-bedroom duplex. Regardless of your property choice, you’re likely to enjoy low vacancy rates in this popular rental suburb.