Annandale, 2038 ranked 554th in NSW when comparing growth in median property values or capital gain over the last 12 months. Annandale is one of 3163 in our list for NSW
If we look at median property appreciation over just the last three months, Annandale has given property investors a paper return of 2.58%. This puts Suburb as 196 on a list of fastest fasting appreciating suburbs in NSW
Property investors looking for a bargain in Annandale should be aiming for at least -3.58% off the asking price, which is the average vendor discount being achieved at the moment.
Renters in Suburb are facing rents around $44200 per annum or $850 every week.
Annandale, 2038 ranked 8th in NSW when comparing growth in median property values or capital gain over the last 12 months. Annandale is one of 3163 in our list for NSW
Comparing Annandale,2038 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Property investors should expect to get $500 weekly from the median priced house in this 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.