Leichhardt, 2040 ranked 1128th in NSW when comparing growth in median property values or capital gain over the last 12 months. Leichhardt is one of 3163 in our list for NSW
Across a shorter period, Leichhardt, 2040 has seen a median price increase of -3.16% over the last quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Leichhardt, 2040. Typically our figures indicate that -4.92% is being offered, which puts this NSW suburb at 2468th most discounted overall in Australia.
At number 772 in a list of fastest selling suburbs, Leichhardt is in the TOP 30% of suburbs in Australia with an average of days on market 50.52 for properties listed there.
Property investors who have had real estate in Leichhardt, 2040 should be 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 15.54%
When looking at the potential capital gains offered to property investors over the last 3 years, Leichhardt comes in at number 123th in NSW.
Property investors looking for a bargain in Leichhardt should be aiming for at least -6.36% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Leichhardt being $985000 and the advertised rent reaching $650 the gross rental yield for property investors calculates out to be 3.43%
In the inner west pocket of Sydney, the suburb of Leichhardt recorded the highest level of growth in NSW at 44.5% over the period of February 2017-2018Full summary
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Apartments are a hit
Median unit price: $996,250
Three-year growth: 46.0%
Rental yield: 3.3%
In the inner west pocket of Sydney, the suburb of Leichhardt recorded the highest level of growth in NSW at 44.5% over the period of February 2017-2018.
This continues a trend that has been observed since 2013, with an average annual rate of 8.3%. While the broader Sydney market is slowing, demand in this area is evident in the fact that units sell very easily, with properties staying on the market for an average of only 38 days. The median value is relatively high, however, at almost $1m.
Leichhardt is just 5km from the Sydney CBD and is regarded as the city’s “Little Italy.” The Italian Forum emphasises this status, as this architecture evokes a typical Mediterranean town piazza. There are also many restaurants and cafes in the area.Close