Property investors who have had real estate in St Peters, 2044 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -11.69%
If we look at median property appreciation over just the last three months, St Peters has given property investors a paper return of -14.11%. This puts Suburb as 1299 on a list of fastest fasting appreciating suburbs in NSW
Using the current median advertised rental of $790 and the average annual increase in value of a median property of 7.10%, investors should hope to achieve an overall return of 3.88%
St Peters, 2044 ranked 33th in NSW when comparing growth in median property values or capital gain over the last 12 months. St Peters is one of 3163 in our list for NSW
Comparing St Peters,2044 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
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 11.39%.
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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.