Investment property in St Peters has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.02%
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.
Using the current median advertised rental of $750 and the average annual increase in value of a median property of 8.33%, investors should hope to achieve an overall return of 3.26%
If you compare the increase in value of investment property in St Peters, 2044 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -9.52%.
When looking at the potential capital gains offered to property investors over the last 3 years, St Peters comes in at number 367th in NSW.
The NSW suburb of St Peters, 2044 is in the Marrickville local government area.
St Peters is one of the suburbs benefiting from the new initiative by the state government to increase supply, addressing Sydney’s affordability problem.Full summary
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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.