If you compare the increase in value of investment property in St Peters, 2044 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 4.34%.
The five-year average increase in median property values for St Peters,2044 has given property investors a potential capital gain of 37.57% across each of those five years.
Using the current median advertised rental of $780 and the average annual increase in value of a median property of 8.59%, investors should hope to achieve an overall return of 3.29%
Giving property investors a an average capital gain of -0.66% for the last year, St Peters, 2044 is the 671th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, St Peters,2044 has racked up an average of -0.66% over the period. This ranks it number 1079th in the whole country for real estate investors looking at median house price increases.
In the last year 19 properties changed hands in St Peters, which puts it as the 386th most active market in NSW when comparing the number of sales per suburb.
A $610 per week rent on the median house gives suburb investors a gross yield of circa 4.20%, without taking into account capital value appreciation, which has been averaging out at 7.91%.
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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.