Property investors who have had real estate in Mount Druitt, 2770 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -1.45%
Mount Druitt,2770 has offered an average of -1.45% return per annum in house price rises to property investors over the last three years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Mount Druitt, 2770. Typically our figures indicate that -7.44% is being offered, which puts this NSW suburb at 1584th most discounted overall in Australia.
In the last year 114 properties changed hands in Mount Druitt, which puts it as the 299th most active market in NSW when comparing the number of sales per suburb.
Mount Druitt is 1028th on a list of best yielding suburbs for rents in NSW with a 3.21% return
With a capital gain of -3.26% for the last 12 months, Mount Druitt, 2770 has performed for property investments than its average annual 6.98% property growth over the last 5 years.
While Mount Druitt,2770 ranked number 517th in NSW for increase in median house value (annualised) increase, it is ranked 195th over the last 5 years.
Property buyers and investors in Mount Druitt 2770 should be seeing an average reduction in asking price of around -7.35% . This means that Mount Druitt is holding prices well when compared to other suburbs in NSW.
Mount Druitt, 2770’s gross rental yield is 4.50%
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