Property investors who have had real estate in Annandale, 2038 should be relatively pleased 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 17.10%
Across a shorter period, Annandale, 2038 has seen a median price increase of 7.95% 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 -4.39% offered to property buyers. Sellers in Annandale itself are offering an average vendor discount of -4.16% to real estate investors.
Annandale is 971th on a list of best yielding suburbs for rents in NSW with a 2.19% return
Investment property in Annandale has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -14.59%
Annandale,2038 has offered an average of -14.59% return per annum in house price rises to property investors over the last three years.
On average over the past year, suburb has had 4.67 sales per month, which equates to 56 per year.
Renters in Suburb are facing rents around $22360 per annum or $430 every week.
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Median unit price: $747,500
Vacancy rate: 2.0%
Three-year growth: -0.3%
Annandale is just a stone’s throw from the Sydney CBD; thus, many will find this suburb a convenient place to buy in. Vacancies loosened slightly in the 12 months to March 2019, with the average vacancy rate going from 1.7% to 2.0%.
Located just 5km west of the CBD, Annandale is rich in history, with several heritage-listed buildings in the area. These include the Annandale Post Office, the Annandale Council Chambers and the local public school. During Australian Heritage Week, Annandale holds the annual Annandale Heritage festival. Other annual events include the Eco-Annandale Exhibition and Footprints EcoFestival.
Annandale is a notable name in the Sydney music scene as well – Trafalgar Studios, where top local acts from the 1970s and 1980s recorded much of their music, was located here. The Annandale Hotel remains a renowned venue for gigs.