Over the last year, property investments in Five Dock, 2046 have given investors a capital gain of -3.22%. This compares badly with the 0.15% 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 Five Dock has increased when compared to the 5 year average annual rate.
The most recent median price for Five Dock is $1682000, with sellers offering an average of -10.24% off the asking price.
Residents and property investors in Five Dock have been waiting around 122.552 days to sell a property.
Renters in Suburb are facing rents around $40560 per annum or $780 every week.
Investment property in Five Dock has done pretty 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 -5.22%
When looking at the potential capital gains offered to property investors over the last 3 years, Five Dock comes in at number 384th in NSW.
The most recent median price for Five Dock is $835000, with sellers offering an average of -4.06% off the asking price.
Information supplied by:
Property supply is up
Median house price: $1,724,000
Stock on market: 27.9%
12-month growth: -4.2%
Just 10km from the Sydney CBD, the suburb of Five Dock can be found near the foot of the Drummoyne Peninsula. It is bordered by Parramatta Road and the City West Link Road.
There are several schools in this area, such as All Hallows’ Parish School, Domremy College, Five Dock Public School and Rosebank College. It’s a great spot for families with children, as both work and education are within close reach. Shops and restaurants line the Great North Road, while those who prefer the wonders of nature can enjoy strolling along the Parramatta River foreshore. A cycling trail has been laid out here as well.
Housing stock increased from 25 to 29 while unit supply went from 18 to 26 in the 12 months to February 2019. However, house values have already begun to fall.