Mount Druitt is an average performer in NSW when comparing median price capital growth over the last year. Mount Druitt gave property investors a average capital gain figure when compared to the rest of the state, with 5.57%.
Across a shorter period, Mount Druitt, 2770 has seen a median price increase of -2.14% over the last quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.57% offered to property buyers. Sellers in Mount Druitt itself are offering an average vendor discount of -6.52% to real estate investors.
In the last year 110 properties changed hands in Mount Druitt, which puts it as the 218th most active market in NSW when comparing the number of sales per suburb.
Property investors who have had real estate in Mount Druitt, 2770 should be ok with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 4.85%
If we look at median property appreciation over just the last three months, Mount Druitt has given property investors a paper return of 1.10%. This puts Suburb as 200 on a list of fastest fasting appreciating suburbs in NSW
Property buyers and investors in Mount Druitt 2770 should be seeing an average reduction in asking price of around -4.36% . This means that Mount Druitt is holding prices well when compared to other suburbs in NSW.
Property investors should expect to get $350 weekly from the median priced house in this suburb.
Named for original landowner Major George Druitt, the suburb of Mount Druitt has been undergoing redevelopment to maximise its excellent amenities, including a hospital, shopping centre, train station and schoolsFull summary
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Affordable suburb sustains demand
Median unit price: $425,000
Three-year growth: 34.9%
Rental yield: 4.3%
Named for original landowner Major George Druitt, the suburb of Mount Druitt has been undergoing redevelopment to maximise its excellent amenities, including a hospital, shopping centre, train station and schools.
Given its distance from the Sydney CBD, the suburb is quite affordable, with the median unit price coming in at $425,000. Even with the low prices, Mount Druitt has recorded steady growth over the past five years, with an average annual growth rate of 7%. Rental returns are reasonable at an average of 4.3%, which could be attractive for investors looking for a cheaper investment in NSW.
Sellers benefit from the strong conditions in this suburb – apartments spend an average of just 44 days on the market before being sold. They sell at good prices as well – the average discount rate is just 4%.Close