NSW has seen average median house prices change by -2.10% which means that St Peters, 2044 has not done well for property investors by showing a capital gain of 5.92% over the last year
Taking the average capital gain, or increase in median house value, St Peters,2044 has racked up an average of 5.92% over the period. This ranks it number 1984th in the whole country for real estate investors looking at median house price increases.
Situated 5.87km from the CBD, St Peters is one of Inner West (A) localities in the postcode 2044.
Property investors who have had real estate in St Peters, 2044 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 10.39%
While St Peters,2044 ranked number 343th in NSW for increase in median house value (annualised) increase, it is ranked 342th over the last 5 years.
A $650 per week rent on the median house gives suburb investors a gross yield of circa 3.98%, without taking into account capital value appreciation, which has been averaging out at 10.67%.
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In the inner west of Sydney, St Peters is one of the suburbs benefiting from the new initiative by the state government to increase supply, addressing Sydney’s affordability problem.
Unit stock, in particular, has shot up over the past 12 months leading up to May 2017, while house supply fell. This suggests that apartment living could become highly supplied in this suburb.
The Princes Highway, originating in St Peters, and its shopping hub are situated along this road. The suburb is served by the local train station, which is along the Bankstown line, and a couple of bus routes. The recreational parkland of Sydney Park is located in St Peters as well, serving as a relaxation spot for students from St Peters Public School.