Property value increases in Five Dock have tracked just lower than the NSW average of -4.21% over the last 12 months.
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.
At number 3280 in a list of fastest selling suburbs, Five Dock is in the bottom 10% of suburbs in Australia with an average of days on market 117.719 for properties listed there.
Property value increases in Five Dock have tracked just lower than the NSW average of -4.02% over the last 12 months.
Across a shorter period, Five Dock, 2046 has seen a median price increase of -2.34% over the last quarter.
Property investors looking for a bargain in Five Dock should be aiming for at least -4.68% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $600 mark per week – giving a return of 3.74% based on the median price in Suburb
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.