Giving property investors a a solid capital gain of 9.41% for the last year, St Peters, 2044 is the 692th 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
Situated 5.90km from the CBD, St Peters is one of Inner West (A) localities in the postcode 2044.
NSW has seen average median house prices change by 0.04% which means that St Peters, 2044 has not done well for property investors by showing a capital gain of 6.92% over the last year
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.
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 9.41%.
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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.