If you compare the increase in value of investment property in Rosebery, 2018 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was 3.01%.
Rosebery,2018 has offered an average of 3.01% return per annum in house price rises to property investors over the last three years.
Rosebery is 939th on a list of best yielding suburbs for rents in NSW with a 2.67% return
Property value increases in Rosebery have tracked just lower than the NSW average of 6.98% over the last 12 months.
Over the longer term, Rosebery has seen property prices show investors a 27.86% return over the last 3 years. This is worse than over the last 12 months
Rosebery2018 is located in NSW which offers an average discount of -4.44% to property investors. Rosebery itself is showing figures that indicate -4.42% is the average achievable by property buyers investing in the suburb.
At number 482 in a list of fastest selling suburbs, Rosebery is in the TOP 40% of suburbs in Australia with an average of days on market 57 for properties listed there.
Using the current median advertised rental of $660 and the average annual increase in value of a median property of 7.73%, investors should hope to achieve an overall return of 3.83%
Rosebery is nestled between Mascot and Beaconsfield, 6km south of the Sydney CBD. Accessibility to the CBD is excellent, with high speed rail links to the city located in nearby Mascot and Green Square. This line also connects to Sydney airport, which is less than 3km away. Full summary
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Rosebery is nestled between Mascot and Beaconsfield, 6km south of the Sydney CBD. Accessibility to the CBD is excellent, with high speed rail links to the city located in nearby Mascot and Green Square. This line also connects to Sydney airport, which is less than 3km away.
The Southern Crossway also provide road access to the CBD and eastern suburbs. Meanwhile, the inner west is also easily accessible, with Newtown being only 3km away.
There are substantial retail amenities in Rosebery, a large proportion of which are located on Gardeners Road. There is also a large shopping centre in Eastlakes with a wide range of stores. The Royal South Sydney Community Health Complex is located in neighbouring Beaconsfield. The northern part of Rosebery is also benefitting significantly from urban renewal works intended to revitalise the Alexandria and Green Square areas.
The project, one of the largest in Australia, will create a new ‘town centre’ at the junction of Botany Road, Bourke Street and O'Riordan Street, with light rail connecting it to suburbs in the east, west and south as well as the CBD. The town centre will include a new library and sports centre, as well as a large number of new dwellings. The City of Sydney says that 5,700 new dwellings have been built since 2,000, bringing in 11,000 new residents, and estimates that Green Square will house about 40,000 residents and attract about 22,000 workers by 2030.
This redevelopment is likely to improve the suburb’s already strong investment fundamentals. The median unit price is relatively affordable, rental yields are solid and vacancy rates are minimal.
Long-term growth is likely to be boosted by the ongoing urban renewal around Green Square. However, investors will be best served by sticking close to Gardeners Road at present, with locals recommending nearby side roads like Tramway Street.