Giving property investors a an unimpressive capital gain of -7.71% for the last year, St Peters, 2044 is the 3083th highest performer in Australia in this respect.
Comparing St Peters,2044 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
The NSW suburb of St Peters, 2044 is in the Inner West (A) local government area.
NSW has seen average median house prices change by -3.83% which means that St Peters, 2044 has not done well for property investors by showing a capital gain of 5.41% over the last year
Taking the average capital gain, or increase in median house value, St Peters,2044 has racked up an average of 5.41% over the period. This ranks it number 884th in the whole country for real estate investors looking at median house price increases.
With the median price for a house in St Peters being $780000 and the advertised rent reaching $650 the gross rental yield for property investors calculates out to be 4.33%
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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.