Over the last year, property investments in St Peters, 2044 have given investors a capital gain of 4.39%. This compares favourably with the -0.66% for NSW as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in St Peters has increased when compared to the 5 year average annual rate.
Often selling an investment property can take time, and in St Peters the average time real estate has been on the market is 37.4375 days.
Using the current median advertised rental of $780 and the average annual increase in value of a median property of 8.73%, investors should hope to achieve an overall return of 3.25%
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 9.61%
If we look at median property appreciation over just the last three months, St Peters has given property investors a paper return of 0.98%. This puts Suburb as 141 on a list of fastest fasting appreciating suburbs in NSW
St Peters is 266th on a list of best yielding suburbs for rents in NSW with a 4.05% return
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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.