With a capital gain of 1.72% for the last 12 months, Annandale, 2038 has performed for property investments than its average annual 6.99% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Annandale has given property investors a paper return of 4.17%. This puts Suburb as 269 on a list of fastest fasting appreciating suburbs in NSW
Sellers are offering property buyers an average discount of -4.22% to buyers in Annandale at the moment, which is less than average for the rest of NSW.
Advertised rents are around the $800 mark per week – giving a return of 2.56% based on the median price in Suburb
Over the last year, property investments in Annandale, 2038 have given investors a capital gain of 49.93%. This compares very favourably with the -0.92% for NSW as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Annandale has increased when compared to the 5 year average annual rate.
In the last year 48 properties changed hands in Annandale, which puts it as the 242th most active market in NSW when comparing the number of sales per suburb.
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Rental space opens up
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.