Property value increases in Pagewood have tracked higher than the NSW average of 0.15% over the last 12 months.
While Pagewood,2035 ranked number 529th in NSW for increase in median house value (annualised) increase, it is ranked 436th over the last 5 years.
At number 2263 in a list of fastest selling suburbs, Pagewood is in the bottom 40% of suburbs in Australia with an average of days on market 85.5 for properties listed there.
Using the current median advertised rental of $840 and the average annual increase in value of a median property of 7.38%, investors should hope to achieve an overall return of 2.43%
NSW has seen average median house prices change by -0.92% which means that Pagewood, 2035 has not done well for property investors by showing a capital gain of -7.77% over the last year
The five-year average increase in median property values for Pagewood,2035 has given property investors a potential capital gain of 40.74% across each of those five years.
A $650 per week rent on the median house gives suburb investors a gross yield of circa 3.56%, without taking into account capital value appreciation, which has been averaging out at 4.92%.