With the median price for a house in Pyrmont being $1690000 and the advertised rent reaching $700 the gross rental yield for property investors calculates out to be 2.15%
Investment property in Pyrmont has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 7.14%
Over the longer term, Pyrmont has seen property prices show investors a -3.09% return over the last 3 years. This is an improvement over the last 12 months
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.05% offered to property buyers. Sellers in Pyrmont itself are offering an average vendor discount of -6.03% to real estate investors.
Residents and property investors in Pyrmont have been waiting around 62.1235 days to sell a property.
With the median price for a house in Pyrmont being $1066000 and the advertised rent reaching $620 the gross rental yield for property investors calculates out to be 3.02%